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Federal budget revenues make over 9,6 trillion

December 12, 2013, 16:38 UTC+3 MOSCOW
Expenditures evaluated at about 9 trillion for 9 months of 2013
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MOSCOW, December 12. /ITAR-TASS/. The federal budget revenues have made more than 9.6 trillion roubles (more than $293 billion) and the expenditures - about nine trillion roubles (about $275 billion) for nine months of 2013.

“The revenues have made more than 9.6 trillion roubles that are more than 0.5 billion roubles (about $15.3 million) higher than the target indicator. These figures are also linked with favourable foreign climate on several trends. The expenditures have reached around nine trillion roubles. The trade surplus has amounted to about 650 billion roubles (about $19.9 billion),” Russian Prime Minister Dmitry Medvedev said at a government meeting on Thursday.

He added that the reserve fund had increased by 910 billion roubles (about $27.8 billion), the national welfare fund had gone up by 156 billion roubles (about $4.7 billion). “In this regard, the situation in our country is quite favourable that gives a required margin of safety to us,” the prime minister said.

He added that a larger part of budget revenues had been earned from import and export customs duties (about one third of them in the revenues), the VAT tax (slightly less than one third of this tax revenues in total revenues) and the extraction tax (about 20 percent in overall budget revenues).

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