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Federal Budget Execution in 2021
[Исполнение Федерального Бюджета За 2021 Г]

Author

Listed:
  • Ilya A. Sokolov

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

Abstract

In 2021, the federal budget was executed with a small surplus, which is an important achievement after a deficit of 3.8% of GDP a year before. It became feasible owing to two factors: oil and gas revenues returned to the precrisis level in nominal terms, while non-oil and gas revenues saw sustainable growth.

Suggested Citation

  • Ilya A. Sokolov, 2022. "Federal Budget Execution in 2021 [Исполнение Федерального Бюджета За 2021 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 4-8, March.
    • Handle: RePEc:gai:recdev:r2223
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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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