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At the period-end of Q1 2020, the federal budget ran a slight surplus, however it was a temporary result because oil and gas revenues go into the budget in a timely manner and they record a downturn against Q1 2019. Non-oil and gas revenues although went up but that was due to the fact that they...
Persistent link: https://www.econbiz.de/10012834913
The year 2017 saw some notable changes in the main parameters of the execution of the general government budget of the Russian Federation: the budgetary system's revenue gained nearly 1 percentage point of GDP, while expenditure, on the contrary, lost 1.2 percentage points of GDP. Thus, the...
Persistent link: https://www.econbiz.de/10012914881
The federal budget revenues by H1 2019-end moved up by 0.4 p.p. of GDP against the same period of the previous year, first of all, due to increased VAT rate from 18 to 20%. Simultaneously, expenditures have contracted by 0.9 p.p. of GDP. As a result, the federal budget was executed with surplus...
Persistent link: https://www.econbiz.de/10012861116
In 2018, fiscal revenues of the enlarged government (hereinafter BEG) according to the preliminary data released by the Federal Treasury exceeded the volumes seen in the previous year by 1.9 percentage points of GDP, or by RUB 5,870 billion in absolute terms. At the same time, 75 percent of the...
Persistent link: https://www.econbiz.de/10012863501
In 2019, revenues of the budgetary system of Russia according to the fresher data released by the Ministry of Finance of Russia in shares of GDP against the previous year remained flat amounting to 35.8 percent of GDP (Table 7), meanwhile in absolute terms they have increased by RUB 1,860...
Persistent link: https://www.econbiz.de/10012823775
Russian Abstract: Внедрение новых и совершенствование действующих программных инструментов для усиления взаимосвязи расходов с целями социально-экономического...
Persistent link: https://www.econbiz.de/10013022300
Russian Abstract: В настоящей работе представлен сравнительный анализ мировых практик оценки результативности бюджетных программ. В первом разделе содержится краткая...
Persistent link: https://www.econbiz.de/10012986488
The draft law “On the Federal Budget in 2019 and the 2020-2021 Planned Period” suggests a budget maneuver in favor of productive expenditures. The federal budget is to become the main source of growth of the Russian economy in the next three years. There are problems related to the budget...
Persistent link: https://www.econbiz.de/10012907476
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...
Persistent link: https://www.econbiz.de/10012923448
This paper deals with 2011 Russia's state budget. Authors speak about general characterisitcs of the budget system in Russia. They analyse revenues from major taxes and main parameters of the federal budget in 2011 and for 2012-2014, explain budget expenditures and give prospects of the...
Persistent link: https://www.econbiz.de/10013079482