Federal Budget in 2018: Growth of Oil and Gas Revenues, Budget Surplus

Tatyana V. Tischenko – Senior Researcher of the Gaidar Institute; Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In 2018, the federal budget revenues moved up by 2.4 percentage points of GDP against 2017 not least because of the oil and gas revenues which grew by 2.2 percentage points of GDP and the expenditures contracted by 1.7 percentage points of GDP compared to the previous year. The federal budget limitation due to the budgetary rules has ensured surplus in the amount of 2.7% of GDP.

Key words: federal budget, budget revenues, budget expenditures, budget surplus.