Ministry Of Finance Of Russian Federation Estimated Budget Deficit In First Six Months Of Year At 0.5% Of GDP

The income of the federal budget of the Russian Federation for the first six months of the current year amounted to 17.093 trillion rubles, which is 38% more than January -June 2023, and expenses – 18.022 trillion rubles, which is 22.3% higher than the level of the previous year. This is stated in a press release from the Ministry of Finance of the Russian Federation.

The federal budget in the first half of the year in the first half of the year increased by 26.6% compared to the same period last year – up to 11.3 trillion rubles, and oil and gas revenues – by 68.5%, up to 5, 7 billion rubles.

It is noted that the federal budget of the Russian Federation in January-June 2024 was executed with a shortage of 929 billion rubles, or 0.5% of GDP.

Given the revision in the direction of increasing the forecast of economic activity and the actual trajectory of the receipt of the largest taxes in the amendments to the Federal Law on the budget, an appropriate increase in non -Neneftegas revenues is provided, the Ministry of Finance said.