Template-Type: ReDIF-Article 1.0
Author-Name:Tatiana Tishchenko
Author-Name-First: Tatiana                   
Author-Name-Last: Tishchenko
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: THE STATE BUDGET IN JANUARY–OCTOBER 2013
Abstract: According to the Federal Treasury, federal budget revenues contracted 1.5 p.p. of GDP year-over-year in the period of January thru October 2013, including oil & gas revenues which dropped 0.9 p.p. of GDP. In the period of January thru September 2013 consolidated budget revenues of the constituent territories of the Russian Federation contracted by 1.3 p.p. of GDP against the first nine months in 2012. At the end of the first 10 months in 2013 Russia managed to run its federal budget with surplus, which however dropped 0.3 p.p. of GDP year over year. In anticipation of State Duma’s approval of the draft federal budget for 2014–2016, it becomes increasingly important to launch a broad discussion about the rationale for the introduction of the budgetary rule and expediency of transferring a part of federal budget revenues to stabilization funds amid an economic recession.
Classification-JEL: H61, H50, H20, H70
Keywords: State budget
Journal: Russian Economic Developments
Year: 2013
Issue: 12
Month: December
Pages: 21-24
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/256Tishchenko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:256