Q1 2018 saw relatively high growth rates in regions' revenues and expenditures. Regions with lowest revenues posted relatively slow growth rates in revenues for two straight years, thereby mounting their debt burden and reflecting further differentiation in the development of Russia's territories

In 2016, actual revenues of Russian regions went up. The overall budget deficit dropped to a nine-year low in response to expenditure containment policies. Nevertheless, the total volume of public debt racked up (accumulated OK) by lower-revenue regions remains high

According to the results of H1 2021, the federal budget revenues exceeded the level of 2019, hitting 20.9% of GDP. The main contribution to this outcome was made by an increase in VAT receipts, primarily due to an increase in the consumption of nonfood products with a slight increase in the...

In 2018, the federal budget revenues moved up by 2.4 p.p. of GDP against 2017 not least because of the oil and gas revenues which grew by 2.2 p.p. of GDP and the expenditures contracted by 1.7 p.p. of GDP compared to the previous year. The federal budget limitation due to the budgetary rules has...

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...

In Q1 2018, the federal budget revenues exceeded the revenues seen during the same period of 2017. Oil and gas revenues rose while oil and gas income fell. Budget expenditure decreased against January-March 2017 which ensured the federal budget surplus. By the end of Q1 2018, dynamic of the...

According to the results of H1 2018, federal budget revenues increased by 1.8 p.p. of GDP as compared to the relevant period of the previous year, while the share of oil and gas revenues rose from 40.4% to 45.6%. On the contrary, expenditures in relation to GDP fell by 1.2 p.p. As a result, in...

The concept of the "quality of public finances" (QPF) covers many qualitative and structural issues of fiscal policy. This chapter traces the origins of the concept of QPF to the Lisbon Strategy and the subsequent EPC Working Group on "Quality of Public Finances" (2004‐2007). At its core, the...

Im Auftrag des Bayerischen Wirtschaftsministeriums untersucht die Studie die Auswirkungen einer verbindlichen Schuldenregel ab dem Jahr 2020 auf den aktuellen Haushalt des Freistaates Bayern. Durch den Einnahmeausfall infolge der Wirtschaftskrise und die gleichzeitig gestiegenen Landesausgaben...

Im Auftrag des Bayerischen Wirtschaftsministeriums untersucht die Studie die Auswirkungen einer verbindlichen Schuldenregel ab dem Jahr 2020 auf den aktuellen Haushalt des Freistaates Bayern. Durch den Einnahmeausfall infolge der Wirtschaftskrise und die gleichzeitig gestiegenen Landesausgaben...