Russia's Budget Surplus In January-February 2019 Totaled 2% Of GDP - Finance Ministry

The surplus of the Russian federal budget in January-February 2019 amounted to 309.6 billion rubles ($4.6 billion) or 2 percent of GDP, according to a preliminary estimate of the country's Finance Ministry released on Thursday

MOSCOW (UrduPoint News / Sputnik - 14th March, 2019) The surplus of the Russian federal budget in January-February 2019 amounted to 309.6 billion rubles ($4.6 billion) or 2 percent of GDP, according to a preliminary estimate of the country's Finance Ministry released on Thursday.

Russia's budget revenues for the first two months of 2019 amounted to 2.843 trillion rubles ($43.1 billion), or 14.2 percent of the total federal budget revenues approved by the law on the budget for the current year. The expenditures were executed in the amount of 2.533 trillion rubles ($38.

4 billion), which is 14 percent of the total federal budget expenditures under the current law.

The Russian Federal Tax Service transferred to the federal budget the biggest amount revenues 1.813 trillion rubles ($27.5 billion) or 14.7 percent of the forecast amount of the federal budget revenues for 2019. The Federal Customs Service transferred 860.775 billion rubles ($13 billion) or 14.5 percent of the forecast amount for the year. Other federal bodies transferred 169.093 billion rubles ($2.5 billion) or 10 percent of the year forecast.