Russia’s State Budget in May 2013

Russian Economic Developments. Moscow, 2013, #7, pp.30-33

4 Pages Posted: 1 Aug 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: July 31, 2013

Abstract

In January–May 2013 the federal budget revenues decreased by 2.2 p.p. of GDP over the same period of the last year due to a reduction of oil and gas revenues by 1.5 p.p. of GDP and non-oil revenues by 0.7 p.p. of GDP. The consolidated revenues of the Subjects of the Russian Federation within the period under review also fell down by 2.0 p.p. of GDP relative to the first four months of 2012, the expenditures of the federal budget and the consolidated budget of the Russian Federation in January–April 2013 have decreased by 2.0 and 0.6 p.p. of GDP against the relevant period of the last year, accordingly. The federal budget surplus amounted to 0.5% of GDP and surplus of the consolidated budget of the Subjects of the Russian Federation – to 1.6% of GDP.

Keywords: Russian economy, Russian state budget

JEL Classification: H61, H50, H20, H70

Suggested Citation

Tischenko, Tatiana, Russia’s State Budget in May 2013 (July 31, 2013). Russian Economic Developments. Moscow, 2013, #7, pp.30-33, Available at SSRN: https://ssrn.com/abstract=2304380 or http://dx.doi.org/10.2139/ssrn.2304380

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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