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BUDGET DEFICIT AND SOURCES OF FINANCING Chart 16 OFZ YIELD CURVE AND CHANGE IN YIELDS OVER Chart 17
THE FEDERAL BUDGET DEFICIT THE
spread between RUONIA and the key rate narrowed.
A budget deficit occurred in November.3 Budget expenditure was up compared to November of
the previous
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programmes. Namely, this year, we added blocks related to investment literacy, the budget, and public finance. It is worth noting that financial literacy programmes are
the federal budget.
BALANCE AND BUDGET DEFICIT FINANCING SOURCES
As of the end of the first ten months of 2022, the consolidated budgets of almost
level of federal budget expenditures relative to the
previous version. OFZ placements will come as the main source to finance a budget
deficit.
The Ministry
not set the task to finding the best
algorithm under the constrained budget for the number of simulations (see Lueckmann et al. (2021)).
Sequential algorithms
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the budget in a situation where the system might need a capital increase.
Indeed, this time, we did not have to apply to the budget,
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16.12.2022
mid-term expenditure path of the federal budget and the fiscal system as a whole. In case of a further budget deficit expansion, tighter monetary policy
information for compiling the Credit Institu-
funds in organizations — indirect recipients of budget, shares on tions Survey are monthly balance sheets of credit institutions
market