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Federal Budget Execution for 3 months of 2021
[Исполнение Федерального Бюджета За Первый Квартал 2021 Г]

Author

Listed:
  • Belev Sergey

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

  • Tischenko Tatyana

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

Abstract

At the period-end of January-March 2021, the federal budget surplus was less than in the pre-crisis Q1 2020. After 2020, the budget system recorded an increase in public debt servicing costs driven by a large-scale borrowing and the accumulation of losses by enterprises, which carry forward will limit the corporate income tax revenues.

Suggested Citation

  • Belev Sergey & Tischenko Tatyana, 2021. "Federal Budget Execution for 3 months of 2021 [Исполнение Федерального Бюджета За Первый Квартал 2021 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 4-7, June.
    • Handle: RePEc:gai:recdev:r2159
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    More about this item

    Keywords

    federal budget; revenue; oil and gas revenues; non-oil and gas revenues; expenditure; taxes;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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