The draft law “On the Federal Budget in 2019 and the 2020-2021 Planned Period” suggests a budget maneuver in favor of productive expenditures. The federal budget is to become the main source of growth of the Russian economy in the next three years. There are problems related to the budget...

According to the preliminary data released by the Finance Ministry of Russia, the federal budget revenues constituted Rb18.7 trillion against the projected Rb20.6 trillion for 2020, and expenditures – Rb22.8 trillion against planned Rb19.7 trillion. Such difference in the state budget...

At nine months-end 2020, the federal budget revenues contracted by Rb1,818.6 bn and expenditures went up by Rb3,040.9 bn against the same period of the previous year; the budget has been executed with a deficit to the tune of Rb1,773.3 bn. Contraction of revenues and ramping up of expenditures...

In 2016, fiscal revenues of the enlarged government surpassed 2015 volumes both in absolute terms (by RUB 1,253bn) and in relative terms by 0.5 percentage point of GDP (see Table 6). Expenditures of the enlarged government went up by 0.8 percentage point of GDP and by RUB 1,581bn in absolute...