Budget Revenue In Russia

In 2016 the russian budget deficit reached 21bln.

Budget revenue in russia. Moscow reuters russia faces a budget shortfall of 3 trillion roubles 39 billion this year due to falling oil and gas prices finance minister anton siluanov said on wednesday signaling. Russian government budget revenues decline precipitously spending soars bofit viikkokatsaus bofit weekly 2020 35 28 aug 2020 revenue streams to the consolidated budget an aggregate of federal regional and local budgets plus state social funds decreased by 13 y o y in the second quarter and by about 4 in the first half of the year. Record growth of tax revenues in the consolidated budget to 21 3 trillion rub 23 property taxes arrived for 1 4 trillion rub or 11 7 more than the level of 2017. Passed by the state duma on november 29 this budget reflects a relatively optimistic view of russia s economic prospects.

Russia recorded a government budget surplus equal to 1 80 percent of the country s gross domestic product in 2019. Budget expenditures mean monetary funds paid from a budget except for funds which are. 2016 budget revenues were estimated to be 13 7 trillion rubles 200 billion us dollars or 17 5 of gdp while spending is planned to be 16 trillion rubles roughly 233 billion dollars or 20 5 of gdp. Government budget in russia averaged 1 18 percent of gdp from 1994 until 2019 reaching an all time high of 9 88 percent of gdp in 2005 and a record low of 7 90 percent of gdp in 2009.

Military budget of 3 9 of gdp budget for 2016. This page provides russia government budget actual values historical data forecast chart. Budget revenues mean monetary funds received by a budget except for the funds which are sources of financing the budget deficit in compliance with this code. It was expected to rise to 21 7 billion in the year.

Government revenues in russia averaged 22180654 rub million from 1998 until 2020 reaching an all time high of 2863058789 60 rub million in september of 2019 and a record low of 35000 rub million in january of 1998. In 2018 budget revenues will amount to 15 258 trillion rubles expenditures will reach 16 529 trillion and the deficit will stand at 1 3 percent of gdp. Russian federation and regulated by rules of law.