A sizeable share of taxes on individual income is an indicator of any developed state.
Photo: Yury Martyanov
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Our Share of Budget
In terms of financing, the federal budget surplus reached 803 billion rubles (6.6 percent GDP) in the first half of this year, equaling 1,083 billion rubles (8.9 percent) in terms of the cash execution, according to data reported to cabinet Thursday. So, the government allocated 280 billion rubles just nominally, and was rather tight with the money in actual life.
The budget dependency on crude oil export increases despite all talk about the non-oil essence of it. If rated against the GDP, the tax revenues of the budget are going down, concluded analysts of the Economic Expert Group (EEG).
At the same time, the share of non-tax receipts (first of all from export duties on crude and raw) is widening. The indicator grew by 1.1 percent GDP vs. the first seven months of previous year to account for 25.6 percent of all budget revenues. In July, the non-tax receipts stepped up by 1.6 percent GDP, while the tax revenues dropped by 1.3 percent GDP.
The pace of the budget receipts attributed to natural resources was high in the first half-year, said the Government’s Center of Economic Conditions. The receipts of consolidated budget grew by 49.5 percent, while the federal budget receipts increased by 49.9 percent (though the speed was even higher past year – 67.4 percent and 88.8 percent respectively).
The gains generated from taxes on individual income don't stand still either. The growth rates soared from 20.5 percent past year to 31.6 percent this year. As a result, the H1 collection of individual income tax accounted for 15.8 percent of all budget revenues vs. 13.5 percent in the first half of the past year.
www.kommersant.com
All the Article in Russian as of Sep. 01, 2006
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