RUSSIA’S STATE BUDGET IN JANUARY-AUGUST 2015

Tatiana Tishchenko
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Tatiana Tishchenko: Gaidar Institute for Economic Policy
Authors registered in the RePEc Author Service: Tatiana Tishchenko

Russian Economic Development, 2015, issue 10, 32-37

Abstract: According to the Federal Treasury, as of the period-end results for January–August 2015 the federal budget revenues contracted 1.6 p.p. of GDP, and expenditures went up 2.5 p.p. of GDP in comparison with the same period of the last year. Revenues and expenditures of the consolidated budget of the constituents of the Russian Federation as of the period-end results for seven months of the current year against seven months of the previous year went up 1.1 and 0.4 p.p. of GDP, respectively. The federal budget defi cit as of the period-end results for January–August 2015 amount-ed to 2.1% of GDP down 4.1 p.p. of GDP against the federal budget surplus over seven months of the last year. The consolidated budget of the constituents of the Russian Federation as of the period end results for seven months 2015 was executed with a surplus of 1.4% of GDP or up 0.6 p.p. against seven months of the previous year.

Keywords: State budget; Russian Economy (search for similar items in EconPapers)
JEL-codes: H20 H50 H61 H70 (search for similar items in EconPapers)
Date: 2015
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