Template-Type: ReDIF-Paper 1.0
Author-Name:Mamedov Arseny
Author-Name-First: Arseny 
Author-Name-Last:Mamedov 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Fomina Elena
Author-Name-First: Elena 
Author-Name-Last:Fomina 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Belev Sergey
Author-Name-First: Sergey 
Author-Name-Last:Belev 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Shatalova Svetlana
Author-Name-First: Svetlana 
Author-Name-Last:Shatalova 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: Russia’s Budgetary System
Abstract: In 2016, fiscal revenues of the enlarged government surpassed 2015 volumes both in absolute terms (by RUB 1,253bn) and in relative terms by 0.5 percentage point of GDP (see Table 6). Expenditures of the enlarged government went up by 0.8 percentage point of GDP and by RUB 1,581bn in absolute terms. The fiscal deficit of the enlarged government in 2016 was up compared to the level of the previous year (3.7% of GDP in 2016 against 3.4% of GDP in 2015). It should be noted that the fiscal deficit reported in 2015–2016 surpassed manifold its 2013-2014 volumes both in absolute and in relative terms.
Classification-JEL: H61, H62
Keywords:  Russian economy, budgetary system, budget revenues, budget parameters, budget deficit
Creation-Date: 2017
Revision-Date:2017
Length: 17 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2017-270.pdf
File-Format: application/pdf
File-Function: Revised version, 2017
Handle: RePEc:gai:ppaper:ppaper-2017-270