The 2017 Federal Budget: Finances Have Become More Stable

Monitoring of Russia's Economic Developments. Moscow. IEP. 2018. No. 5, pp. 10-15

6 Pages Posted: 2 Apr 2018

See all articles by Sergei Belev

Sergei Belev

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

Tatiana Tischenko

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

Date Written: March 28, 2018

Abstract

In 2017, dynamics of the federal budget’s main parameters are characterized by growth of 0.7 p.p. of GDP in the revenues and a reduction of 1.3 p.p. of GDP in the expenditures as compared to the previous year. This permitted to cut the budget deficit to 1.4% of GDP. The existing global prices of oil promoted growth in tax revenues from domestic production.

Keywords: Russian economy, federal budget

JEL Classification: H69, H70

Suggested Citation

Belev, Sergei and Tischenko, Tatiana, The 2017 Federal Budget: Finances Have Become More Stable (March 28, 2018). Monitoring of Russia's Economic Developments. Moscow. IEP. 2018. No. 5, pp. 10-15. Available at SSRN: https://ssrn.com/abstract=3151748 or http://dx.doi.org/10.2139/ssrn.3151748

Sergei Belev

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

Russia

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Tatiana Tischenko (Contact Author)

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

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