Federal Budget Execution over 9 months of 2022

Исполнение федерального бюджета за январь-сентябрь 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 11, 8-12

Abstract: The federal budget for 9 months of 2022 was executed with a surplus of Rb 54.7 bn. The dynamics of revenues is slowing down, with the growth of rental revenues by 1.4 p.p. against the same period of the previous year and does not compensate for the fall of non-oil and gas revenues by 2.0 p.p. of GDP. Apparently, the federal budget revenues will make about 19% of GDP at year-end. The Budget execution on expenditures for the three quarters of 2022 is ahead of the last year and reached 18.8% of GDP, which is by 1.2 p.p. of GDP higher than a year ago. The increase in expenditures is mainly due to an increase in funding for closed budget items. According to our estimates, the volume of budget expenditures for the entire year of 2022 may exceed 20% of GDP.

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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