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Federal Budget Performance for Q1 2022
[Исполнение Федерального Бюджета За Первый Квартал 2022 Г]

Author

Listed:
  • Sergey G. Belev

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

  • Tatyana V. Tischenko

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

Abstract

In the first three months of 2022, federal budget revenues increased by 4.2 p.p. of GDP compared to the same period of the previous year due to oil and gas revenues, reaching 31.2% of the projected annual volume. A moderate increase in federal budget expenditures by 1.5 p.p. of GDP in the first 3months of the current year relative to the 3 months of 2021 and the budget surplus of Rb 1140.5bn were additional factors of budgetary sustainability. Significant management solutions amid sanctions imposed on the country were the early repayment of the foreign debt, as well as the suspension of new borrowing.

Suggested Citation

  • Sergey G. Belev & Tatyana V. Tischenko, 2022. "Federal Budget Performance for Q1 2022 [Исполнение Федерального Бюджета За Первый Квартал 2022 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 19-22, June.
    • Handle: RePEc:gai:recdev:r2249
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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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