Evgenia Fomina

The Execution of the Federal Budget for 2016

The RF federal budget for 2016 was executed with a deficit of 3.4% of GDP. This figure is significantly higher that the corresponding index for 2015 (2.4% of GDP), but still lower than the projection in the most recent version of the Law on the Federal Budget for 2016 (3.7% of GDP). The plunge of total federal budget revenue did not exceed 0.7 p.p. of GDP (as compared with 2015) due to the increased non-oil and gas revenue component. The year-end expenditure for 2016 jumped by 0.3 p.p. of GDP, due in the main to the additional allocation, in November, of Rb 739.7bn to national defense.

Влияние Основных Характеристик Межбюджетных Отношений На Показатели Экономического Развития Субъектов Российской Федерации (Influence of the Main Characteristics of Interbudgetary Relations on the Indicators of Economic Development of the Subjects of the Russian Federation)

Russian Abstract: В работе рассмотрены методические подходы к оценке влияния инструментов межбюджетного регулирования на экономическое развитие регионов, влияние основных характеристик межбюджетных отношений на национальном уровне и региональном уровне на показатели экономического развития регионов. English Abstract: The paper considers methodological approaches to assessing the impact of interbudgetary regulation instruments on the economic development of regions, the impact of the main characteristics of interbudgetary relations at the national level and the regional level on the indicators of the economic development of regions.