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Russia’s federal budget deficit nears RUB 18 bln in January 2012

February 10, 2012, 20:25 UTC+3
In January 2011, the country’s federal budget surplus amounted to 121.54 billion roubles
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MOSCOW, February 10 (Itar-Tass) —— Russia’s federal budget deficit amounted to 17.95 billion roubles (USD 1 = RUB 29.89), or 0.5 percent of the Gross Domestic Product (GDP), in January 2012, the Finance Ministry wrote in its report on Friday.

In January 2011, the country’s federal budget surplus amounted to 121.54 billion roubles.

This year’s January, the budget revenues were preliminary estimated at 1,056.06 billion roubles, or nine percent of the total amount of the federal budget revenues, envisaged by the federal law for 2012 and for the planned period of 2013 and 2014.

Besides, the January budget expenditures were at 1,074.01 billion roubles, or 8.5 percent of the targeted indicator, the ministry said.

As of February 1, 2012, the country’s Reserve Fund accumulated 1,863.06 billion roubles (in the rouble equivalent), as compared to 811.52 billion roubles as of January 1.

Proceeding from the government’s decree of January 19, 2012, the Russian oil and gas incomes worth 1,090.37 billion roubles were transferred to the Reserve Fund, the ministry wrote.

The National Wealth Fund accumulated 2,682.21 billion roubles (in the rouble equivalent) as of February 1, as against 2,794.43 billion U.S. dollars at the beginning of the year.

 

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