ABOUT EEG

Economic Expert Group (EEG) is an independent Russian company, that specializes in consulting services on economic and financial policy issues to government officials on federal and regional level. Economic Expert Group was established in 1994 to render analytical support to the Department of Macroeconomic Policy of the Ministry of Finance of the Russian Federation. Since that time EEG has been working in close everyday contact with the Ministry of Finance and the Ministry of Economic Development and Trade. EEG provides Russian Government with analytical support at the negotiations with international financial organizations, Paris and London Clubs of creditors, international rating agencies, prepares monthly reviews of Russian economy, participates in monthly monitoring of Russian economy, carried out by the Ministry of Economic Development and Trade. On the Government orders EEG develops short-, medium-, and long-term macroeconomic projections, participates in the process of co-ordination of macroeconomic forecasts between official institutions (Ministry of the Economic Development and Trade, Ministry of Finance, Bank of Russia) and between the Government of Russia and the IMF in the process of discussing parameters of economic programs. EEG elaborated presentations of Russian economy for Offering Circulars of all issues of eurobonds of the Russian Federation.  


KEY ECONOMIC INDICATORS

 

2016

Jan.-May 2016

Jan.-May 2017

May 2016

May 2017

CPI, %

5,4

2,9

1,7

0,4

0,4

PPI, %

7,41

2,11

2,21

1,91

-1,51

Monetary base1, %

3,8

-4,3

-1,9

-1,3

-0,3

M2, %

15,6

7,5

8,8

1,5

-1,2

USD/RUB real appreciation, %

20,4

6,2

5,0

2,0

-2,9

1 As on the 1st day of the month

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FEDERAL BUDGET EXECUTION

 

billion rubles

 

% of GDP

 

jan-apr 2016

jan-apr 2017

apr 2017

 

jan-apr 2016

jan-apr 2017

apr 2017

TOTAL REVENUES 3910,1 4763,7 1130,4 15,7% 17,6% 15,9%
Oil&Gas Revenues 1318,5 1974,2 456,3 5,3% 7,3% 6,4%
Others 2591,6 2789,5 674,1 10,4% 10,3% 9,5%
TOTAL EXPENDITURE  5045,8 5196,5 1371,0 20,2% 19,2% 19,3%
Debt service 237,2 237,7 45,1 1,0% 0,9% 0,6%
Non-interest expenditure 4808,6 4958,8 1325,9 19,3% 18,3% 18,6%
BUDGET BALANCE -1135,7 -432,8 -240,6 -4,6% -1,6% -3,4%
PRIMARY SURPLUS(+)/DEFICIT(-) -898,5 -195,1 -195,4 -3,6% -0,7% -2,7%
Gross Domestic Product, billion rubles1 24927,2 27045,5 7119,4        

1 Estimation.

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