Page 50 - RusRPTDec19
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  6.0​ Public Sector 6.1​ Budget
    Key parameters: draft federal budget for 2020-22
        Units
   2018
   2019 (current law)
   2020F
   2021F
  2022F
     Revenues
    RUB bn
    19,454.40
    20,174.90
    20,363.00
    21,246.50
   22,058.30
     Revenues
    % GDP
    18.7
    18.5
    18
    17.7
   17.2
     Expenditure
    RUB bn
    16,713.00
    18,293.70
    19 ,82.1
    20,632.00
   21,770.70
     Expenditure
    % GDP
    16.1
    16.8
    17.3
    17.1
   16.9
     Balance
    RUB bn
    2741.4
    1,881.20
    880.8
    614.5
   287.6
 Balance
    % GDP
     2.6
     1.7
     0.8
     0.5
    0.2
    Source: MinFin, VTB Capital Research.
            Federal budget: surplus allocation and debt financing
 50​ RUSSIA Country Report​ December 2019 ​ ​www.intellinews.com
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