Oil and gas revenues of Russia in May decreased by 11.9% – Kommersant
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According to the results of June 2023, the federal budget of Russia may receive less than 44 billion rubles. oil and gas revenues, the Finance Ministry said. In May, revenues from the oil and gas industry to the budget decreased by 11.9% compared to April, to 570.7 billion rubles.
In the period from the beginning of January to the end of May 2023, the federal budget received 2.854 trillion rubles from the oil and gas industry. against 5.658 trillion rubles. for the same period last year. In May the ministry predicted oil and gas deficit of 8.1 billion rubles. However, oil and gas revenues were less than expected by 30.6 billion rubles.
“Thus, the total amount of funds allocated for the sale of foreign currency is 74.6 billion rubles. Operations will be carried out from June 7, 2023 to July 6, 2023, respectively, the daily volume of foreign currency sales will amount to the equivalent of 3.6 billion rubles. message Ministry of Finance.
According to the Ministry of Finance, for the four months of 2023, the budget deficit increased up to 3.424 trillion rubles. with an annual plan of 2.925 trillion rubles. Oil and gas revenues in Russia decreased in January-April by 52% year-on-year, to 2.2 trillion rubles. Non-oil and gas revenues over this period grew by 5%, amounting to 5.5 trillion rubles.
Read more about the monitoring of public finances – in the material “Kommersant” “The deficit has grown by a trillion”.
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