Abstract
In January–May 2013 the federal budget revenues decreased by 2.2 p.p. of GDP over the same period of the last year due to a reduction of oil and gas revenues by 1.5 p.p. of GDP and non-oil revenues by 0.7 p.p. of GDP. The consolidated revenues of the Subjects of the Russian Federation within the period under review also fell down by 2.0 p.p. of GDP relative to the first four months of 2012, the expenditures of the federal budget and the consolidated budget of the Russian Federation in January–April 2013 have decreased by 2.0 and 0.6 p.p. of GDP against the relevant period of the last year, accordingly. The federal budget surplus amounted to 0.5% of GDP and surplus of the consolidated budget of the Subjects of the Russian Federation – to 1.6% of GDP.
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