Federal Budget Execution in H1 2021: Revenues Exceeded Pre-Pandemic Level

Исполнение федерального бюджета за первое полугодие 2021 г.: доходы превысили допандемийный уровень

Belev Sergey and Tischenko Tatyana
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Belev Sergey: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Tischenko Tatyana: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2021, issue 9, 4-7

Abstract: According to the results of H1 2021, the federal budget revenues exceeded the level of 2019, hitting 20.9% of GDP. The main contribution to this outcome was made by an increase in VAT receipts, primarily due to an increase in the consumption of non-food products with a slight increase in the consumption of food products (measured in terms of physical volumes of retail turnover).

Keywords: federal budget; revenue; oil and gas revenues; non-oil and gas revenues; expenditure; taxes (search for similar items in EconPapers)
JEL-codes: H11 H50 H62 H63 (search for similar items in EconPapers)
Date: 2021
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