Federal Budget in January-March 2017: Deficit Reduction
Monitoring of Russia's Economic Outlook. 2017, Moscow, IEP, No 9, pp. 11-15
5 Pages Posted: 26 May 2017
Date Written: May 25, 2017
The key parameters of the federal budget showed faster growth of revenues over expenditures at the end of Q1 2017 compared with Q1 2016. Thus revenues increased by 2.7 p.p. of GDP as budget expenditures gained 0.8 p.p. of GDP. As a result, the budget deficit was curtailed to 1.4% of GDP and the Reserve Fund was kept intact.
Keywords: Russian economy, federal budget
JEL Classification: H61, H62
Suggested Citation: Suggested Citation