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Federal Budget Execution over 9 months of 2022
[Исполнение Федерального Бюджета За Январь-Сентябрь 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

The federal budget for 9 months of 2022 was executed with a surplus of Rb 54.7 bn. The dynamics of revenues is slowing down, with the growth of rental revenues by 1.4 p.p. against the same period of the previous year and does not compensate for the fall of non-oil and gas revenues by 2.0 p.p. of GDP. Apparently, the federal budget revenues will make about 19% of GDP at year-end. The Budget execution on expenditures for the three quarters of 2022 is ahead of the last year and reached 18.8% of GDP, which is by 1.2 p.p. of GDP higher than a year ago. The increase in expenditures is mainly due to an increase in funding for closed budget items. According to our estimates, the volume of budget expenditures for the entire year of 2022 may exceed 20% of GDP.

Suggested Citation

  • Sergey G. Belev & Tatyana V. Tischenko, 2022. "Federal Budget Execution over 9 months of 2022 [Исполнение Федерального Бюджета За Январь-Сентябрь 2022 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 8-12, November.
    • Handle: RePEc:gai:recdev:r2291
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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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