Federal Budget Execution in 2021

Исполнение федерального бюджета за 2021 г

Ilya Sokolov

Russian Economic Development, 2022, issue 3, 4-8

Abstract: In 2021, the federal budget was executed with a small surplus, which is an important achievement after a deficit of 3.8% of GDP a year before. It became feasible owing to two factors: oil and gas revenues returned to the precrisis level in nominal terms, while non-oil and gas revenues saw sustainable growth.

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: 2022
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