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-JULY 2015
Abstract:  According to the Federal Treasury data, over January–July 2015, the federal budget revenues contracted 1.3 p.p.
of GDP, and expenditures went up 3.3 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 six month of the current
year up 1.0 and 0.3 p.p. of GDP on six months of the previous year, respectively. The federal budget defi cit for
January–July 2015 constituted 2.8% of GDP, which is down 4.4 p.p. of GDP of the federal budget balance over
seven months last year. Consolidated budget of the subjects of the Russian Federation by the period-end for six
months 2015 was executed with a surplus of 1.0% of GDP or up 0.7 p.p. against six months 2014.
The quality of state government and effectiveness of budget expenditure are becoming dominant domestic factors
of budget system sustainability, its ability to adjust to risks amid falling prices on hydrocarbons and economic
growth slowdown.
Classification-JEL:H61, H50, H20, H70
Keywords: State budget, Russian economy
Journal: Russian Economic Developments
Year: 2015
Issue: 9
Month: September
Pages: 30-35
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/585Tishchenko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:585