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Russia’s Fiscal Policy in 2022

Author

Listed:
  • Arkashkin Igor

    (Gaidar Institute for Economic Policy)

  • Barbashova Natalia

    (Gaidar Institute for Economic Policy)

  • Matveev Evgeniy

    (Gaidar Institute for Economic Policy)

  • Vekerle Konstantin

    (Gaidar Institute for Economic Policy)

  • Sokolov Ilya

    (Gaidar Institute for Economic Policy)

  • Tishchenko Tatiana

    (Gaidar Institute for Economic Policy)

Abstract

In 2022, the nominal growth of all the main parameters of the enlarged government budget (hereinafter — EGB) led to their dynamics in shares of GDP in relation to the previous year to have a multidirectional nature: revenues decreased by 0.6 p.p. of GDP to its lowest level in recent years of 35.0% of GDP, while expenditures rose by 1.6 p.p. of GDP to 36.4% of GDP

Suggested Citation

  • Arkashkin Igor & Barbashova Natalia & Matveev Evgeniy & Vekerle Konstantin & Sokolov Ilya & Tishchenko Tatiana, 2023. "Russia’s Fiscal Policy in 2022," Published Papers ppaper-2023-1274, Gaidar Institute for Economic Policy, revised 2023.
    • Handle: RePEc:gai:ppaper:ppaper-2023-1274
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2023-1274.pdf
    File Function: Revised Version, 2023
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    More about this item

    Keywords

    Russian economy; intergovernmental relations; fiscal policy; budget system; revenues; expenditures; Bank of Russia;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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