The reduction in tax revenues affected the results of the Federal budget execution for five months of this year. The Ministry of Finance has reported that in January—may, expenditures exceeded revenues, and the deficit amounted to 409 billion rubles. what is the percentage of GDP, the Finance Ministry reported earlier, this situation occurred when the Agency has received data from the economy Ministry on the size of the GDP for the previous month. However, in any case, budget reporting remains distorted due to one-off revenues in April from 1.1 trillion rubles from the sale of shares of Sberbank.The Federal budget in January—may 2020 executed with a deficit of 409 billion rubles, the Finance Ministry said. The size of the deficit to GDP the Ministry at this time does not and did not comment on the reason for the “silence” of this indicator. Note that previously, this was due to the lack of operational data on gross domestic product.Budget revenues for the first five months amounted to 7,891 trillion, or 38% of the approved year plan. While oil and gas revenues amounted to 2,437 trillion rubles, or 32% of the annual target, non-oil and gas — 5,454 trillion, or 42%. Expenditures in January—may was equal to 8.3 trillion rubles, which is 42% of the approved year volume.Separately, in may, during which the country was quarantined, and the Russian oil Urals, according to the Finance Ministry, the average cost is just $31 per barrel, the budget deficit is even more significant is 656 billion rubles, While the income for the month total 889 billion rubles expenses amounted to 1,545 trillion rubles, the Federal tax service reported a fall in tax revenues by a third in April (by April 2019). According to the report of the Ministry of Finance, the fees of tax service in January—may amounted to 4,524 trillion rubles as compared to 5.11 trillion in the same period last year, the customs service due to the compression of the value of exports decline is also very noticeable — up to 1,757 trillion from 2,278 trillion. However, as wrote “Kommersant”, the situation with falling revenues from these two main collectors until a few fixes to the sharp increase of income in the column “Other administrators”. This 1,609 trillion rubles for five months of the plan for the whole year to 1.9 trillion rubles At the same 1,066 trillion rubles of this amount came in the budget in April, according to the results of the transaction on purchase by the government of a controlling stake in Sberbank from the Central Bank at the expense of the national welfare Fund (NWF). This amount balanced the budget four months (then the Ministry of Finance announced even on a small surplus of 0.4 of GDP). Without trillion from the Central Bank, according to the estimates of “Kommersant”, the budget of January—April, would be closed with a deficit of around 3 percent of GDP — at the end of five months he, obviously, was even greater.While the current law on the budget for 2020 envisages that by the end of the year it will be executed with a surplus of 0.8%. However, the fallen price of oil and the epidemic of us��ruined the stagnation of the economy and forced to revise forecasts. Now the size of the deficit the Agency is expected in the amount of 4-6% of GDP.Vadim Visloguzov
