Macroeconomic and geopolitical atmosphere of 2022 did not have a significant negative impact on the federal budget. In particular, the federal budget deficit at 2022 year-end did not exceed 2.2% of GDP amid the forced increase in government spending, which is almost twice lower than the crisis...

Main parameters of the federal budget have been formulated in accordance with the fiscal rule and national priorities. Hence, the contraction of oil and gas revenues are not offset by non-oil and gas receipts growth, nevertheless the government plans to run a budget surplus during the entire...

In 2021, the federal budget was implemented with a small surplus, which is an important achievement after a deficit of 3.8% of GDP a year before. It became feasible owing to two factors: oil and gas revenues returned to the precrisis level in nominal terms, while non-oil and gas revenues saw...

A draft law On Federal Budget for 2017 and the Planning Period 2018 and 2019 describes 2016 as a period of adjusting to external economic challenges. The period is planned to be followed by a period of reaching balanced economic development parameters. However, this will, among other things,...