Template-Type: ReDIF-Paper 1.0
Author-Name: Arlashkin Igor
Author-Name-First: Igor
Author-Name-Last: Arlashkin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Barbashova Natalia
Author-Name-First: Natalia
Author-Name-Last: Barbashova
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: Deryugin Alexander 
Author-Name-First: Alexander
Author-Name-Last: Deryugin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Sokolov Ilya
Author-Name-First: Ilya
Author-Name-Last: Sokolov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Tishchenko Tatiana
Author-Name-First: Tatiana
Author-Name-Last: Tishchenko
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Russia’s Fiscal Policy in 2019
Abstract: In 2019, revenues of the budgetary system of Russia according to the fresher data released by the Ministry of Finance of Russia in shares of GDP against the previous year remained flat amounting to 35.8 percent of GDP (Table 7), meanwhile in absolute terms they have increased by RUB 1,860 billion. Solely 39.4 percent of the revenues increment of the enlarged government budget (RUB 732.8 billion) have been secured by the federal budget and 62.4 percent (RUB 1,160.8 billion) by the increment of the consolidated budget of the RF subjects receipts. However, in the overall volume of the revenue part of the enlarged government budget a share of federal and subnational levels budget in 2019 against 2018 has changed insignificantly: a share of the federal budget has contracted from 52.1 to 51.5 percent and a share of the consolidated budget of the RF subjects has gone up from 33.2 to 34.6 percent. Dynamics of oil and gas revenues of the enlarged government budget is negative: contraction of receipts in 2019 in comparison with the previous year constituted 1.1 percentage points of GDP or RUB 770 billion, meanwhile non-oil and gas revenues went up in 2019 to the maximum for the 5-year period level coming to 28.3 percent of GDP up by 1.1 percentage points of GDP against the previous year.
Classification-JEL: H77
Keywords: Russian economy, intergovernmental relations, fiscal policy, budgetary system
Creation-Date: 2020
Revision-Date: 2020
Length: 19 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2020-1039.pdf
File-Format: application/pdf
File-Function: Revised Version, 2020
Handle: RePEc:gai:ppaper:ppaper-2020-1039