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: RUSSIA’S STATE BUDGET IN JANUARY-JUNE 2015
Abstract:  According to the data recently released by the Federal Treasury, over January–June 2015, the federal budget revenues contracted 1.9 p.p. of GDP, and expenditures went up 2.6 p.p. of GDP on the same period of the previous year. Revenues and expenditures of the consolidated budgets of the constituents of the Russian Federation over January–May 2015 increased 1.1 and 0.2 p.p. of GDP on fi ve months of the previous year, respectively. Positive dynamics of the federal budget defi cit reduction are observed: by the end of fi ve months 2015, the deficit constituted 3.7% of GDP, and then at the period-end results for six months 2015, it came to barely 2.6% of GDP. Consolidated budget of the RF constituents by the period-end results for fi ve months 2015, was executed with a surplus of 2.0% of GDP.
Classification-JEL:H61, H50, H20, H70
Keywords: Russian Economy
Journal: Russian Economic Developments
Year: 2015
Issue: 8
Month: August
Pages: 14-20
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/570Tishchenko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:570