At nine months-end 2020, the federal budget revenues contracted by Rb1,818.6 bn and expenditures went up by Rb3,040.9 bn against the same period of the previous year; the budget has been executed with a deficit to the tune of Rb1,773.3 bn. Contraction of revenues and ramping up of expenditures...

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...