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State budget

Author

Listed:
  • Tatiana Tishchenko

    (Gaidar Institute for Economic Policy)

Abstract

According to the Federal Treasury, in January-August 2012, federal budget revenues amounted to 22.0% of GDP, which is by 0.1 percentage points GDP higher than in the corresponding period of the last year. The federal budget expenditures over eight months of the year have increased by 1.0 p.p. of GDP against the same period of 2011, amounting to 20.6% of GDP. As of January-August 2012 results, the federal budget was executed with a surplus of 1.4% of GDP. The main growth of the federal budget was provided by the oil and gas revenues reached 11.2% of GDP, which exceeds the indicator of January-August 2011 by 1.4 p.p. The government domestic debt in August of this year has slightly decreased to Rb 4,427.4bn.

Suggested Citation

  • Tatiana Tishchenko, 2012. "State budget," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 10, pages 30-35, September.
  • Handle: RePEc:gai:recdev:5
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    More about this item

    Keywords

    State budget;

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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