Social Sciences
4 years ago

Federal budget deficit slashed to 1.4% of GDP in 2017.

SSRN Electronic Journal
The 2017 Federal Budget: Finances Have Become More Stable
Sergei Belev, Tatiana Tischenko

Paper Summary

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The 2017 Federal Budget showed an increase in revenues and a decrease in expenditures compared to the previous year. This led to a reduction in the budget deficit to 1.4% of GDP. The global oil prices also helped boost tax revenues from domestic production.