Comparative analysis of the budgets of the two countries: the UK and Russia

1. Comparative analysis of the budgets of the two countries: the UK and Russia

Katya Gerasimova
Viktoria Ivchenko

2.

Spending
UK
Russia
4927,1
1305,8
235,6
3143,15
835,3
2718,4
2888,3
4706,1
88,8
21747,2
824,3
3652,73
2973,25
2108,1
2123,75
460,3
2404,1
4417,4
663,2
14101,7
8749,85
2771,8
Social protection
Industry, agriculture and employment
social policy
economy
defence
Defence
Education
Education
Health
Public order and safety
Health
Public order and safety
Net debt interest
Environment
Transfers
Net debt interest
Personal social services
Others
Administrative expenses
Housing and environment
Transport
Other (including EU transactions)

3.

UK
Other non-taxes
7%
Council tax
4%
4587,3
Russia
Revenue
Corporation tax
7%
Others
14%
tax on extraction
of mineral
resources
28%
5097
1721
3058,2
Other taxes
11%
VAT
19%
7560,55
13252,2
Excise duties
8%
3547,5
1054
Business rates
2633,45
4%
4247,5
12062,9
National
Insurance
contributions
18%
Excise duties
6%
806,1
corporate income
tax
6%
16395,35
5624,9
Income tax
24%
VAT
44%
Corporation tax
VAT
Excise duties
Income tax
National Insurance contributions
Business rates
tax on extraction of mineral resources
corporate income tax
Other taxes
Council tax
VAT
Excise duties
Other non-taxes
Others

4. BUDGET 2018:

https://assets.publishing.service.gov.uk/government/uploads/s
ystem/uploads/attachment_data/file/752202/Budget_2018_r
ed_web.pdf
https://www.minfin.ru/common/upload/library/2017/12/main
/BDG_2018_FINAL.pdf
http://investorschool.ru/rejting-stran-po-vvp-2018
References