Federal Budget Performance for Q1 2022

Исполнение федерального бюджета за первый квартал 2022 г

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

Russian Economic Development, 2022, issue 6, 19-22

Abstract: In the first three months of 2022, federal budget revenues increased by 4.2 p.p. of GDP compared to the same period of the previous year due to oil and gas revenues, reaching 31.2% of the projected annual volume. A moderate increase in federal budget expenditures by 1.5 p.p. of GDP in the first 3months of the current year relative to the 3 months of 2021 and the budget surplus of Rb 1140.5bn were additional factors of budgetary sustainability. Significant management solutions amid sanctions imposed on the country were the early repayment of the foreign debt, as well as the suspension of new borrowing.

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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