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
Date Written: March 28, 2018
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: Suggested Citation