National Budget in January-August 2013
Russian Economic Developments. Moscow, 2013, #10. pp.30-33
4 Pages Posted: 30 Oct 2013
Date Written: October 30, 2013
Abstract
Russia’s Federal Treasury reports that in the period of January thru August 2013 federal budget revenues and expenditures contracted by 2.2 and 1.7 p.p. of GDP respectively, as compared to the corresponding period in 2012. At the end of eight months of 2013 the federal budget ran a surplus of Rb 391.1bn, or 0.9% of GDP, having declined by 0.5 p.p. of GDP against the value observed in January-August in the previous year. Federal budget oil and gas deficit in January-August 2013 contracted by 0.8 p.p. of GDP as compared to the corresponding period of the previous year, and accounted for 8.9% of GDP.
Keywords: Russian economy, state budget
JEL Classification: H61, H50, H20, H70
Suggested Citation: Suggested Citation