MOSCOW, May 4. /TASS/. Russia’s federal budget is expected to see a shortfall of 8.1 bln rubles ($103 mln) in oil and gas revenues in May, the Finance Ministry reported on Thursday.

"The federal budget’s additional oil and gas revenues are projected in the amount of minus 8.1 bln rubles in May 2023," the report said.

The deviation from virtually received oil and gas revenues from the expected monthly amount of oil and gas revenues in April 2023 totaled minus 32.4 bln rubles ($412 mln), the ministry added.

Daily sales of foreign currency under the fiscal rule will go down to 2 bln rubles ($25 mln) starting May 10 from 3.7 bln rubles in April, according to the report.

"The funds allocated for sale of foreign currency totally stand at 40.4 bln rubles. Transactions will be carried out from May 10, 2023 to June 6, 2023. Consequently, foreign currency sales will equal 2 bln rubles each day," the report said.

The Finance Ministry said earlier that it would allocate 74.6 bln rubles ($939 mln) for sale of foreign currency from April 7, 2023, to May 5, 2023, respectively, with daily foreign currency sales equaling 3.7 bln rubles. The Russian Finance Ministry resumed FX sell operations in the domestic FX market as part of the new fiscal rule mechanism on January 13, 2023. Purchase and sales transactions of foreign currency are carried out by the Bank of Russia on the domestic market in the currency section of Moscow Exchange in the ‘Chinese yuan-ruble’ instrument.