Published in:Russian Economic Developments. Moscow, 2015, #7, pp. 14-19
Extent:
1 Online-Ressource (6 p)
Language:
English
DOI:
10.2139/ssrn.2639593
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 24, 2015 erstellt
Description:
According to the recent data released by the Federal Treasury, within January–May 2015 the federal budget revenues contracted by 2.2 p.p. of GDP, and the expenses went up by 3.3 p.p. of GDP on the same period of the previous year. Revenues and expenses of the consolidated budget of the subjects of the Russian Federation over January–April 2015 went up 1.1 and 0.3 p.p. of GDP, respectively. The amount of the federal budget deficit for the first five months of 2015 constituted 3.7% of GDP, while the consolidated budget of RF subjects over January–April of 2015 has been executed with a surplus of 2.4% of GDP. On 25 June 2015, the RF Government approved in principle basic parameters of the 2016 Federal Budget and planned period of 2017-2018 taking account of latest trends in the GDP movement and oil prices, long-term risks and challenges including linked to structural and demographic imbalances in the economy