Russia's State Budget in January-October 2015

Abstract

According to the data released by the Federal Treasury, by the period end for January–October 2015 the federal budget revenues contracted by 1.1 p.p. of GDP and expenditures moved up by 2.2 p.p. of GDP compared to the same period last year. As a result, the federal budget defi cit consti tuted 1.3% of GDP. Revenues and expenditures of the consolidated budget of the subjects of the Russian Federation over nine months of the current year against January–September 2014 increased by 0.8 and 0.4p.p. of GDP, respectively. The surplus of the consolidated budget of RF subjects has come to 0.7% of GDP as of the period-end for nine months of the current year.