The State Budget in February 2013

Russian Economic Developments. 2013, #4

5 Pages Posted: 1 May 2013 Last revised: 18 Jun 2013

See all articles by Tatiana Tischenko

Tatiana Tischenko

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Date Written: April 29, 2013

Abstract

According to the data released by the RF Federal Treasury, over the period of January-February 2013 Russia’s federal budget revenues amounted to Rb 1,980.0bn (a decline of 2.3 p.p. of GDP on the same period of 2012). Over that period, the federal budget’s revenues from VAT, tax on mineral resources extraction and foreign trade, expressed as percentages of GDP, all dropped on the same period of last year. Over the period of January-February 2013, federal budget expenditures amounted to Rb 2,239.5bn, which is by 0.3 p.p. of GDP less than in the same period of last year; deficit amounted to 2.7% GDP, which is by 0.3 p.p. of GDP higher than its level in the same period of 2012.

Keywords: State budget, Russian economy

JEL Classification: H61, H50, H20, H70

Suggested Citation

Tischenko, Tatiana, The State Budget in February 2013 (April 29, 2013). Russian Economic Developments. 2013, #4, Available at SSRN: https://ssrn.com/abstract=2258291 or http://dx.doi.org/10.2139/ssrn.2258291

Tatiana Tischenko (Contact Author)

Gaidar Institute for Economic Policy ( email )

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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