In January-September 2018, dynamics of federal budget revenues sped up. Based on the results of the past three quarters, their growth was equal to 2.4 p.p. of GDP (up to 18.9% of GDP). Administration of the budget as regards expenditures lags behind the rates of the previous year. Such trends...

In 2018, banking credit plays the key role in the provision of the corporate sector's borrowed resources. From 2014 through 2017, increment of the total bond market debt exceeded Rb 1 trillion, which was comparable with the bank debt growth of the corporate borrowers. Bank lending notably...