42.15 trillion rubles of state spending — is it much or little?


42.15 trillion rubles of state spending — is it much or little?

The spending of the Russian state in 2020 was record for the entire post-Soviet history and amounted to 42,15 trillion rubles, according to Andrey Chernyavsky, leading researcher at the HSE Development Centre. In this calculation, state expenditures are understood as the federal budget, regions with municipalities, and extra-budgetary funds.

More than half (54%) of Russia's expanded state spending in 2020 accounted for the federal budget. In comparison with 2019, federal budget spending increased by a quarter, according to the assessment of the Accounting Chamber. The consolidated budgets of the regions increased by 15%, mainly due to increased spending on health care, according to data from the Federal Treasury.

If we compare the spending of different years as a percentage of GDP, then expanded government spending in 2020 (39,5% of GDP) second only to the indicator of the crisis in 2009, when spending amounted to the maximum for the post-Soviet history of 41,4% of GDP, RBK reports. However, the publication notes: then GDP fell by a record 7,8%.

42.15 trillion rubles — it is:

Автор: By Alexander Artemyev


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