(measure: percent; Source: International Monetary Fund)
* indicates monthly or quarterly data series
Russia: Budget balance forecast, percent of GDP
For that indicator, International Monetary Fund provides data for Russia from 1999 to 2024. The average value for Russia during that period was 0.83 percent with a minimum of -4.25 percent in 2009 and a maximum of 7.76 percent in 2005.
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Definition: The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle.