Macroeconomic Planning and Forecasting in the Russian Federation

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Federal State Budget Institution of higher education
«Finance University under the Government of the Russian Federation»

Chamber «Macroeconomics»

Laboratory work on the topic: «Macroeconomic Planning and Forecasting in the Russian Federation»

Made by Tyshetskaya Olya IFF 4-1

Examined by Matrizaev B.D.

Moscow 2012

Macroeconomic planning is a scientific category associated with the integrative mode of production. As a result of integration and centralization of the contemporary world economy, reproduction becomes more or less socialized not only in the form of organization and regulation, but also on the final results. As a result, to date, there has been a transition to a fundamentally new, integrative total reproduction of the final product. It is a particular object of macroeconomic (state) planning. Planning and Forecasting of the Real Sector

Russian GDP

The Gross Domestic Product (GDP) in Russia was worth 1857.77 billion US dollars in 2011, according to a report published by the World Bank. The GDP value of Russia is roughly equivalent to 3.00 percent of the world economy. Historically, from 1989 until 2011, Russia GDP averaged 682.25 billion USD reaching an all time high of 1857.77 billion USD in December of 2011 and a record low of 195.91 billion USD in December of 1999. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. (The chart with historical data for Russia GDP is in the Appendix)

Russia GDP Growth Rate

The Gross Domestic Product (GDP) in Russia expanded 0.90 percent in the first quarter of 2012 over the previous quarter. Historically, from 2003 until 2012, Russia GDP Growth Rate averaged 1.18 Percent reaching an all time high of 3.40 Percent in December of 2007 and a record low of -4.80 Percent in March of 2009. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. The Russian economy is commodity-driven. Payments from the fuel and energy sector in the form of customs duties and taxes accounted for nearly half of the federal budget's revenues. However, during the past decade, poverty and unemployment declined steadily and the middle class continued to expand. (The chart with historical data for Russia GDP is in the Appendix)

Industrial production and investments

“Novosti” Russian statistical agency reported that the federal Russian industrial production in Russia grew by 3.8% in January 2012 compared with same month of last year. And the country has produced 43.9 million tons of oil, an annual increase of 2%, and 63.2 billion cubic meters of gas a decrease of 0.8%, and 28.7 million tons of coal, up5.7%, and 119 thousand cars, light passenger, an increase of 16.8%, and 102 billionkilowatt / hour of electricity, up 0.3% from January 2011. The volume of agricultural production including food in Russia in the first month of this year by 2.5% compared with January 2011, and the volume of retail trade by 6.8%. “Novosti” report that Russian Federal investments in basic areas amounted 440 billion rubles (the equivalent of almost $ 15 billion), an increase of 15.6% for the first month of last year. Increase in the Russian economy is stable even the European debt crisis continues and China’s economic slow down begins. This year growth will be 4.5 percent. Last month Russian industrial production growth accelerated as the electricity production increases. Output rose in November 3.9 percentaccording to federal Statistics Service.Russian economy is working at the limit of its production capacity. It is expected that uncertainities in the future demand...
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