Template-Type: ReDIF-Paper 1.0
Author-Name: Igor Arlashkin
Author-Name-First: Igor
Author-Name-Last: Arlashkin
Author-Workplace-Name: RANEPA
Author-Name: Konstantin Vekerle
Author-Name-First: Konstantin
Author-Name-Last: Vekerle
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Alexander Deryugin
Author-Name-First: Alexander
Author-Name-Last: Deryugin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Elisey Leonov
Author-Name-First: Elisey
Author-Name-Last: Leonov
Author-Workplace-Name: RANEPA
Author-Name: Evgeniy Matveev
Author-Name-First: Evgeniy
Author-Name-Last: Matveev
Author-Workplace-Name: RANEPA
Author-Name: Ilya Sokolov
Author-Name-First: Ilya
Author-Name-Last: Sokolov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Tatiana Tischenko
Author-Name-First: Tatiana
Author-Name-Last: Tischenko
Author-Workplace-Name: RANEPA
Title: Russia's fiscal policy in 2023
Abstract: Revenues of the Extended Government Budget (hereinafter referred to as the EGB) in 2023 relative to the previous year decreased by 0.1 pp. GDP to 34.5% of GDP. In recent years, total revenues as a share of GDP have shown high stability, fluctuating slightly around the level of 35% of GDP. Deviations of the parameters of the actual fulfillment of the EGB revenues in 2023 from those forecast by the Ministry of Finance of Russia are insignificant, which allows us to draw conclusions about a fairly good accuracy of budget forecasting, as well as about the high quality of administration of state revenues.
Classification-JEL: E62, H5, H61, H62, H68, H7, H72, H77
Keywords: Russian economy, intergovernmental relations, fiscal policy, budget system, revenues, expenditures, Bank of Russia
Creation-Date: 2024
Revision-Date: 2024
Length: 17 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2024-1323.pdf
File-Format: application/pdf
File-Function: Revised Version, 2024
Handle: RePEc:gai:ppaper:ppaper-2024-1323