Federal Budget Execution for 3 months of 2021

Исполнение федерального бюджета за первый квартал 2021 г

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 6, 4-7

Abstract: At the period-end of January-March 2021, the federal budget surplus was less than in the pre-crisis Q1 2020. After 2020, the budget system recorded an increase in public debt servicing costs driven by a large-scale borrowing and the accumulation of losses by enterprises, which carry forward will limit the corporate income tax revenues.

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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