By the results of half-year, the federalbudget deficit (by the Ministry of Finance methodology) constituted 4.1 percent of GDP which was by 0.6 per cent of GDP more that the target. In thesecond half-year, there was a significant decrease in the budget deficit downto 3.23 per cent of GDP which was linked with a considerable (up to 12.1 percent of GDP in December compared with 10.8 per cent of GDP inNovember) growth of budget revenues. Thus, the volume of the budget deficitturned out to be less than the target of 3.5 per cent.
As was aforesaid, the financial crisisresulted in a dramatic growth of the public debt service. That fact did notsignificantly influence the 1997 federal budget execution. However, the worldfinancial crisis will undoubtedly bring negative results in 1998.
Table 9
The reconstruction of the 1997 budget
Republican budget | Local budgets | Extra-budgetary funds* | Consolidated budget | ||||||
Rbbn | per centGDP | Rb bn | per centGDP | Rbbn | per centGDP | Rbbn | per centGDP | per centbudget | |
REVENUES | |||||||||
1. Income tax,tax on profit | 35650,3 | 1,3 | 142825,0 | 5,3 | 178475,4 | 6,7 | 19,1 | ||
1.1.Profit tax | 33144,9 | 1,2 | 69040,5 | 2,6 | 102185,4 | 3,8 | 11,0 | ||
1.2.Personal income tax | 1746,9 | 0,1 | 73370,3 | 2,7 | 75117,2 | 2,8 | 8,1 | ||
1.3. Othertaxes on income and profit | 758,5 | 0,0 | 414,3 | 0,0 | 1172,8 | 0,0 | 0,1 | ||
2. Payrolltax | 0,0 | 0,0 | 9147,1 | 0,3 | 9147,1 | 0,3 | 1,0 | ||
3. Taxes ongoods and services | 171356,0 | 6,4 | 73759,5 | 2,8 | 245115,5 | 9,2 | 26,3 | ||
3.1.VAT of goods produced on the territory of the Russian Federation andservices | 88572,1 | 3,3 | 53815,8 | 2,0 | 142387,9 | 5,3 | 15,3 | ||
3.2. VAT on goods imported on the territory of the RussianFederation | 28541,8 | 1,1 | 0,0 | 0,0 | 28541,8 | 1,1 | 3,1 | ||
3.3.Axcises | 50399,4 | 1,9 | 12423,6 | 0,5 | 62823,0 | 2,3 | 6,7 | ||
including:oil, gas condensate | 33438,0 | 1,3 | 0,0 | 33438,0 | 1,3 | 3,6 | |||
3.4.Special tax designed to support major sectors of the economy | 820,3 | 0,0 | 898,3 | 0,0 | 1718,6 | 0,1 | 0,2 | ||
3.5. Other taxes on goods and services | 3022,4 | 0,1 | 6621,8 | 0,2 | 9644,2 | 0,4 | 1,0 | ||
4. Taxeson property | 582,0 | 0,0 | 46930,4 | 1,8 | 47512,3 | 1,8 | 5,1 | ||
4.1.Tax on transactions with securities | 582,0 | 0,0 | -3,7 | 0,0 | 578,2 | 0,0 | 0,1 | ||
4.2 Other taxes on property | 46934,1 | 1,8 | 46934,1 | 1,8 | 5,0 | ||||
5. Paymentsfor the use of natural resources | 6999,7 | 0,3 | 28609,7 | 1,1 | 35609,3 | 1,3 | 3,8 | ||
5.1.Payment for subsoil | 3212,8 | 0,1 | 11926,4 | 0,4 | 15139,1 | 0,6 | 1,6 | ||
5.2. Payments for reproduction of minerals | 2497,1 | 0,1 | 6897,0 | 0,3 | 9394,1 | 0,4 | 1,0 | ||
5.3. Land taxes and rent | 1070,5 | 0,0 | 8365,5 | 0,3 | 9436,0 | 0,4 | 1,0 | ||
5.4. Other payments for the use ofnatural resources | 219,4 | 0,0 | 1420,7 | 0,1 | 1640,1 | 0,1 | 0,2 | ||
6. Taxes onforeign trade and foreign economic operations | 27815,1 | 1,0 | 0,1 | 0,0 | 27815,2 | 1,0 | 3,0 | ||
6.1. Import duties | 26589,8 | 1,0 Pages: | 1 | ... | 10 | 11 | 12 | 13 | 14 | ... | 22 | Книги по разным темам |