Page 52 - bne IntelliNews monthly country report Russia February 2024
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base from the previous year, early-year drops in Urals price quotations, declining prices, and reduced natural gas export volumes.
However, non-oil and gas revenues for Russia's federal budget exhibited substantial growth, surging by 25.6% year-on-year to 17.737 trillion rubles ($193 billion) during January-November 2023.
Russian Finance Minister Anton Siluanov previously noted that the country's federal budget deficit for 2023 was anticipated to be 1% of GDP.
52 RUSSIA Country Report February 2024 www.intellinews.com
