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Federal law on 2013 budget execution

October 6, 2014

Vladimir Putin signed Federal Law On Execution of the 2013 Federal Budget.

The 2013 federal budget was actually executed with a deficit of 323 billion rubles (over $8 billion), which is 0.5 percent of the GDP, while the deficit was initially planned at 521.4 billion rubles (0.8 percent of the GDP).

The overall federal budget revenue amounted to 13,019.9 billion rubles, costs made up 13,342.9 billion rubles.

Inflation was 6.5 percent, which is one percentage point above plan.

The non-oil and gas deficit made up 10.3 percent of the GDP, which is below the level planned for 2013 (10.5 percent of the GDP), but significantly higher than in pre-crisis 2008 (6.5 percent of the GDP).

October 6, 2014