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economic development. Even if the budget deficit averts expansion, proinflationary effects may well come from a changed structure of budget expenditure and revenue. Following up

number of non-obvious trade-offs. For example, where should a given amount of budget money be allocated: to green subsidies or to a research project which

the 2025–2026 Planning Period, and amendments to law on the federal budget for 2024, taking into account the macroeconomic parameters of the Bank of

Expansion of the budget deficit and the emergence of secondary effects associated with the structure of extra revenues and expenditures of the budget system. The

Expansion of the budget deficit and the emergence of secondary effects associated with the structure of extra revenues and expenditures of the budget system. The

operations. Institution’. Regional and local budget funds are treasury accounts balances of the regional budgets and local budgets. Other budget funds are total funds of

The budget had no significant impact on liquidity in July. Quarterly tax payments exceeded expenditures due to the seasonality factor, resulting in a budget surplus.

OF THE CRUDE OIL AFTER THE INTRODUCTION OF THE NEW BUDGET RULE MECHANISM NEW BUDGET RULE MECHANISM (%) (%) 160 80 140 60 120 40 100 80

terms. The resulting budget surplus, calculated as budget’s revenue minus expenditures on government purchases, is directed to the representative agent’s budget. Conversely, in

supplied by carriers, with the bus fares going directly to the municipal budget). A similar reform was announced in the Sverdlovsk Region. Some carriers reported