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budget expenditures in 2023 in addition to the allocations provided for by the law on the federal budget for 2023–2025, with the forecast budget

inflation expectations of households and businesses. Sustained inflation risks originated from the budget, the labour market and external conditions. Growing parallel imports and new sources

last year, budget spending has significantly grown, and the annual revenues have decreased. As the transfer of the main taxes to the budget was postponed

to the budget of the RA. The reverse is also true: if there is a budget deficit, it is financed from the budget of the

unchanged. Credit to the economy continued to expand at a high pace. Budget expenditures made an additional contribution to the money supply growth in December

in the Russian Federation. 2022. 2 P. Friedlingstein et al. , Global Carbon Budget, 2022. 3 2022 NDC Synthesis Report. Climate risks in changing economic conditions

Budget Funds in Accounts of Credit Institutions (millions of rubles) of which Total regional and local federal budget funds other budget funds extra-budgetary funds budget

regarding further borrowings by Russia’s Ministry of Finance to fund the budget deficit, according to the new issue of the Financial Market Risks Review.

increases, probably due to the higher costs of these events for family budgets. The intensity of central bank communication, apparently, has no significant effect on

of risks towards pro- inflationary ones. The budget has started to become a pro-inflationary factor due to a budget deficit increase contributing to money supply