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

See all articles by Tatiana Tischenko

Tatiana Tischenko

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Evgenia Fomina

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Date Written: May 25, 2017

Abstract

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

Tischenko, Tatiana and Fomina, Evgenia, Federal Budget in January-March 2017: Deficit Reduction (May 25, 2017). Monitoring of Russia's Economic Outlook. 2017, Moscow, IEP, No 9, pp. 11-15, Available at SSRN: https://ssrn.com/abstract=2973793 or http://dx.doi.org/10.2139/ssrn.2973793

Tatiana Tischenko

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Evgenia Fomina (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny Lane 3-5
Profsouyznaya street
Moscow, 117485
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) ( email )

Vernadskogo Prospect 82
Moscow, 119571
Russia

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