By passing 2008 Finance Act (Law 24 December 2007, n. 244), a new structure of State budget has been introduced. It provides for a functional item referred to the interventions for territorial development and re-balancing, and this is a positive fact for the Mezzogiorno. The organization into...

In January–May 2013 the federal budget revenues decreased by 2.2 p.p. of GDP over the same period of the last year due to a reduction of oil and gas revenues by 1.5 p.p. of GDP and non-oil revenues by 0.7 p.p. of GDP. The consolidated revenues of the Subjects of the Russian Federation within...

The results of federal budget implementation in H1 2013 show that federal budget revenues dropped 2.1 p.p. of GDP year-on-year, while consolidated budget revenues of the constituent territories of the Russian Federation declined 1.7 p.p. of GDP in January–May 2013 against the first five months...

According to the Federal Treasury’s estimates, the volume of federal budget revenue over the first 7 months of 2013 dropped by 2.2 p.p. of GDP on the corresponding period of 2012. As a positive fact, it can be noted that the rate of decline in the volume of federal budget expenditure as a...