Page 74 - RusRPTFeb21

RUB2.99 trillion ($40.6bn), or 153.4% of the forecast, according to the website of the Finance Ministry.
The Russian budget can receive extra 73.5bn rubles ($996.2mn) of oil and gas revenues in January​, the Finance Ministry said. “The expected amount of extra oil and gas revenues of the federal budget related to actual oil price overrunning the baseline level is expected in January 2021 in the amount of 73.5bn rubles. The overall deviation of actually received oil and gas revenues from the expected monthly figure of oil and gas revenues and the estimate of the baseline monthly volume of oil and gas revenues from the baseline monthly amount of oil and gas revenues totalled 32.7bn rubles ($443.2mn) as of the end of December 2020,” the ministry said. The Finance Ministry will allocate 106.3bn rubles ($1.44bn) daily for foreign currency purchases from January 15 to February 4. Daily foreign exchange purchases will be the equivalent of 7.1bn rubles ($96.2mn). It was reported earlier that the Finance Ministry would allocate 50.8bn rubles ($689.3mn) from December 7, 2020 to January 14, 2021.
Budget deficits of Russian regions in 2020 is preliminarily estimated at RUB707bn ($9.6bn), ​of which the regions rich with mineral resources, Moscow and St. Petersburg account for RUB570bn, the Finance Ministry said in a statement on January 20.
"According to the preliminary data of the Finance Ministry of Russia, the regional budgets were fulfilled with a deficit of RUB707bn in 2020, of which 17 mineral resource-rich regions, and Moscow and St. Petersburg account for 570bn," the statement read.
The decline of the tax and non-tax income of consolidated budgets started in April–June and reached 9%. The figures then started to improve and the decrease amounted to 2% at the end of the year. Positive dynamics of non-tax income was seen in 45 regions with the mineral resource-rich provinces seeing the biggest decline.
6.1.2 ​Budget dynamics - specific issues...
Russia’s federal budget spent RUB2.149 trillion ($29.3bn), ​or 97.4% of the planned amount in 2020, the Finance Ministry said in a statement on January 20, reports Prime.
“Preliminary data shows that federal budget spending on implementation of national projects amounted to RUB2,149.1bn as of January 1, 2021, or to 97.4% of the planned budget figures,” the statement read.
Spending on development of housing and urban environment, science, and upgrade of the main transport infrastructure exceeded 99%, while spending on
74 ​RUSSIA Country Report​ February 2021 ​ ​www.intellinews.com