The State Budget in January-April 2014

Abstract

According to the data of the Federal Treasury, in January-April 2014 the federal budget revenues rose by 0.9 p.p. of GDP as compared to the respective period of the previous year due to accelerated growth of 1.2 p.p. of GDP in oil and gas revenues. In January-March 2014, revenues of the consolidated budget of constituent entities of the Russian Federal on fell by 0.7 p.p. of GDP against the first months of 2013. On the basis of the results of January-April 2014, the federal budget is executed with surplus of 0.3% of GDP; there was surplus of 0.7% of GDP on the basis of the results of execution of the consolidated budget of constituent entities of the Russian Federation in January-March 2014, too.

Keywords: Russian economy, state budget

JEL Classification: H61, H50, H20, H70