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Ministry of Finance: Russian budget expenditures in the January-November period amounted to 26.841 trillion rubles

MOSCOW, December 8 – RIA Novosti. According to preliminary estimates of the Ministry of Finance of the Russian Federation, the dynamics of federal budget expenditures remains at a normal level – in 11 months it increased by 11.7% compared to the same period last year, reaching 26.841 trillion rubles. materials on Web site ministries.

“The dynamics of execution of federal budget expenditures remains at a normal level after the accelerated financing of individual contract expenditures in January-February. According to preliminary estimates, the volume of federal budget expenditures for 11 months of 2023 amounted to 26.841 billion rubles. The statement said that in the indicators for the same period last year, the previous It was stated that there was an increase of 11.7% compared to the same period of the year (+4.9% annually since the beginning of the 2nd quarter of 2023).

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“According to preliminary estimates, the volume of federal budget revenues in January-November 2023 amounted to 25.963 billion rubles; This is 4.8% higher than the volume of revenue receipts for the same period in 2022. At the same time, in terms of revenue, there is a stable positive trend in the proportion of significant non-oil and gas revenues (both the federal budget and the budget system as a whole),” notes the Ministry of Finance.

The 11-month budget deficit reached 878 billion rubles, or 0.5% of GDP. In the same period last year, the budget deficit was 0.5 percent of GDP. At the same time, the current budget law predicts that by the end of 2023 the deficit will be 2% of GDP or 2.925 trillion rubles.

“The dynamics of revenue receipts and financing of expenses in the January-November period of the current year indicate that the federal budget is carried out in accordance with the target parameters of the structural balance approved in the budget law,” the ministry said.

The Ministry of Finance reports that, in general, the volume of federal budget expenditures in 2023 will be formed in accordance with the maximum amount of budget allocations approved in the current budget law and the amount of additional non-oil and gas revenues in accordance with the Law. budget rules. “This ensures the stability of the primary structural deficit at the level of the parameters of the budget law,” the statement said.

“Execution of the federal budget in accordance with the primary structural deficit parameters defined in the budget law and the use/creation of funds from the National Welfare Fund within the framework of the “budget rule” mechanism ensures stability. “The Ministry of Finance is strengthening the budget system and strengthening the macroeconomic and financial stability of the Russian Federation,” he adds.

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Source: Ria

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