The Impact of the Dynamics and Structure of Government Spending on the Economic Growth of the Russian Federation in the Sectoral Context

The subject of the study is to assess the impact of government spending on the economic growth in the Russian Federation from a sectoral perspective.

The purpose of the study is to identify the parameters that cause changes in government spending and their impact on economic development in Russia.

The methodological basis of this work is the economic, statistical and analytical methods of information processing.

The objectives of the study are: to substantiate the term «geopolitical occurrence» and to identify the most significant occurrences related to the Russian Federation, which have affected government spending; to analyze changes in the composition of federal budget expenditures in Russia; to examine the dynamics of gross value added in various sectors of the Russian economy.

As a result, the accession of Crimea to the Russian Federation, the COVID‑19 pandemic, and the Special Military Operation have been among the geopolitical events. The calculations show significant differences in the structure of government spending and economic growth between various geopolitical occurrences.

The conclusion is that the entire structure of the federal budget is undergoing changes related to government spending, and structurally this directly corresponds to the nature of geopolitical events. At the same time, changes in the volume and structure of government spending can significantly affect the dynamics of gross value added in certain sectors of the economy if they are aimed at supporting businesses in the real economy. However, this effect is limited to a certain range of sectors.

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