Anmerkungen:
In: Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2019. No. 18, pp. 5-8
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2019 erstellt
Beschreibung:
The dynamics of the main parameters of the federal budget in January-September 2019 compared to the same period of the previous year showed that: • there was a stabilization of revenues at the level of 18.8 p.p. of GDP; having said that, the reduction in the level of oil and gas revenues was partially offset by the growth of VAT revenues; • the decrease in oil and gas revenues was primarily due to the application of a deduction for excisable goods of certain petroleum feedstock; • the increase in VAT revenues was due to an increase in the basic rate; however, the increase in the rate did not result in a serious reduction in the tax base; • decrease in expenditures by 0.3 p.p. of GDP led to an increase in the budget surplus to 3.8% of GDP, which is mainly due to the backlog of cash execution on all functional budget items, except for inter-governmental fiscal transfers