文章基本信息

标题：The crisis will test the financial stability of Russia¡¯s budget already in the nearest future
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作者：I. Sokolov
期刊名称：Russian Economy: Trends and Perspectives
出版年度：2009
卷号：JAN
页码：42-42
出版社：Institute for the Economy in Transition
摘要：At present, the financial crisis and its consequences are the most frequently discussed theme both in this country and abroad. Before autumn 2008, Russia¡¯s authorities and population alike had been cherishing hopes that the crisis would by-pass Russia, or at least that the impending reduction in the rate of business activity and decline in the incomes of citizens would be limited to export-oriented industries. However, the received statistics have indicated that Russia is just entering the crisis stage of the cycle, and will ¡°hit the bottom¡± of it no earlier than by the middle of next year. Over the first nine months of 2008, the share of the general government¡¯s revenues in GDP amounted to about 39.6 % against 40.4 % in 2007, and its decline is still continuing. During the period under consideration, the dynamic of revenue generation in the budgets of all levels was characterized by an increase in the amplitude of fluctuations of monthly tax receipts15, which was clearly attenuating in the process (see Fig. 1).