MOSCOW, March 11. /TASS/. Russia’s federal budget revenues from the oil and gas sector amounted to 1.56 trillion rubles ($18.3 bln) in January-February 2025, which is 3.7% lower than in the same period last year, while Russia’s non-oil and gas budget revenues rose by 11.1% in the reporting period to 3.78 trillion rubles ($44.3 bln), according to files released on the Finance Ministry’s website.
"Oil and gas revenues amounted to 1.56 trillion rubles, which is lower than in the same period last year (by 3.7% year-on-year) largely as a result of a nonrecurrent receipt of additional payment on mineral extraction tax on oil in February 2024," the ministry said.
Accumulation of extra oil and gas revenues during periods of favorable price environment and the use of the funds of the National Wealth Fund (NWF) for covering the shortfall in oil and gas revenues in accordance with the fiscal rule’s parameters ensure the immunity of the budget system to fluctuations in the flow of oil and gas revenues, the ministry noted.
Non-oil and gas revenues of Russia’s federal budget increased by 11.1% in January-February 2025 year-on-year to 3.78 trillion rubles ($44.3 bln), "having slightly surpassed the planned level, which shaped a stable basis for further outstripping growth of income," the ministry added.