Oil and gas revenues of Russia in July were lower than the forecast by 74.7 billion rubles
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The volume of additional oil and gas revenues to the Russian budget in July turned out to be lower than the Finance Ministry’s estimate by 74.7 billion rubles. and amounted to 284.8 billion rubles, reported on the website of the department. It is expected that in August the country’s budget will receive 359.5 billion rubles. oil and gas revenues.
In June, revenues from the energy industry exceeded forecasts by 138.9 billion rubles. The positive difference in the ministry was explained by “carrying advance payments for the previous month on the export customs duty on gas.”
At the end of June, the Ministry of Finance announced that in 2022 oil and gas revenues should amount to approximately 40% of the total federal budget revenues, or 10.4 trillion rubles, due to the global increase in oil prices. For comparison: in 2021, oil and gas revenues amounted to 35.8%, or 9 trillion rubles. It is noted that in the future the dependence of the budget on the energy sector will gradually decrease: already in 2023, revenues should amount to 36.9% (9.1 trillion rubles), and by 2025 they will not exceed 30.2% (7.8 trillion rubles).
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