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Over half of Russia’s budget revenues in 2015 came from non-oil sources

May 26, 2016, 13:30 UTC+3

The Russian prime minister has noted the importance of the change in the structure of budget revenues

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MOSCOW, May 26. /TASS/. More than half of budget revenues in 2015 was obtained from non-oil sources, while a year earlier the figure was less than 49%, Prime Minister Dmitry Medvedev said at a cabinet meeting.

"Budget revenues [in 2015] exceeded 13.5 trillion rubles ($207 bln). More than half of the profitable part - more than 57% - and we have already mentioned it, was formed from revenues which are not related to the sale of oil and gas. This change in structure of incomes is a very important change," Medvedev said.

Finance Minister Anton Siluanov told the cabinet meeting that the share of oil and gas revenues in Russia’s budget was 43% in 2015 and in the first quarter of 2016 it amounted to 34%.

"The share of oil and gas revenues of the budget-2015 for the first time fell below 50% and accounted for 43% of all budget revenues, the decline continued in the first quarter," he said.

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