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Russia’s Fiscal Policy in 2017

Author

Listed:
  • Deryugin Alexander

    (Gaidar Institute for Economic Policy)

  • Mamedov Arseny

    (Gaidar Institute for Economic Policy)

  • Belev Sergey

    (Gaidar Institute for Economic Policy)

  • Sokolov Ilya

    (Gaidar Institute for Economic Policy)

  • Tishchenko Tatiana

    (Gaidar Institute for Economic Policy)

  • Arlashkin Igor

    (Gaidar Institute for Economic Policy)

  • Barbashova Natalia

    (Gaidar Institute for Economic Policy)

  • Deshko Maria

    (Gaidar Institute for Economic Policy)

Abstract

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 revenue volume amounted to 32.6 percent of GDP, and that of expenditure – to 34.1 percent of GDP. As a result, the budgetary system’s deficit shrank by 2.2 percentage points of GDP, to 1.5 percent of GDP.

Suggested Citation

  • Deryugin Alexander & Mamedov Arseny & Belev Sergey & Sokolov Ilya & Tishchenko Tatiana & Arlashkin Igor & Barbashova Natalia & Deshko Maria, 2018. "Russia’s Fiscal Policy in 2017," Published Papers ppaper-2018-322, Gaidar Institute for Economic Policy, revised 2018.
  • Handle: RePEc:gai:ppaper:ppaper-2018-322
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    File Function: Revised version, 2018
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    More about this item

    Keywords

    Russian economy; intergovernmental relations;

    JEL classification:

    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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