Russia's State Budget in January-August 2015
Russian Economic Developments. Moscow, 2015, No. 10, pp. 32-37
6 Pages Posted: 1 Nov 2015
Date Written: October 30, 2015
Abstract
According to the Federal Treasury, as of the period-end results for January-August 2015 the federal budget revenues contracted 1.6 p.p. of GDP, and expenditures went up 2.5 p.p. of GDP in comparison with the same period of the last year. Revenues and expenditures of the consolidated budget of the constituents of the Russian Federation as of the period-end results for seven months of the current year against seven months of the previous year went up 1.1 and 0.4 p.p. of GDP, respectively. The federal budget deficit as of the period-end results for January-August 2015 amounted to 2.1% of GDP down 4.1 p.p. of GDP against the federal budget surplus over seven months of the last year. The consolidated budget of the constituents of the Russian Federation as of the period-end results for seven months 2015 was executed with a surplus of 1.4% of GDP or up 0.6 p.p. against seven months of the previous year.
Keywords: Russian economy, Russia's state budget
JEL Classification: H61, H50, H20, H70
Suggested Citation: Suggested Citation