Page 73 - RusRPTOct23

Russia's car imports, representing 92% in the period from January to August.
Russia had a surplus federal budget in August in the amount of around 230bn rubles ($2.3bn), Prime Minister Mikhail Mishustin said at a meeting devoted to drafting federal budget for a three-year period.
The Russian economy is adjusting to current challenges, he noted. "In August, federal budget ran a surplus, which amounted to around 230bn rubles. Consolidated balance of the regions added another 140bn rubles," he said, noting that the Russian economy "is adjusting to current challenges." The budget ran a surplus largely due to a surge in non-oil and gas revenues, PM explained, adding that they exceeded 1.8 trillion rubles ($18.5bn) in August, up 56% compared with last year.
Oil and gas revenues of the Russian federal budget totaled 4.836 trillion rubles ($44.76bn) in January - August 2023, which is 38.2% lower than a year ago, the Finance Ministry said on its website. Accumulation of extra oil and gas revenues during periods of the comfortable price situation and use of National Wealth Fund resources to cover shortfalls in oil and gas revenues in line with fiscal rule parameters provide for the budgetary system resilience to fluctuations in receiving oil and gas revenues, the ministry added.
Non-oil and gas revenues of the Russian budget amounted to 12.155 trillion rubles ($124bn) in January - August 2023, the Finance Ministry said on its website.
"Non-oil and gas revenues totaled 12,155bn rubles and surged by 24.2% year on year. The dynamics of receiving the largest non-oil and gas revenues of the federal budget (turnover taxes and income tax) remains consistently positive, including against the level of 2021 (as the least exposed to statistical effects of the base)," the ministry informed.
The amount and the path of non-oil and gas revenues received as of the end of eight months of this year show that the dynamics is much better than the one provided for when preparing the budget law, the finance ministry noted.
73 RUSSIA Country Report October 2023 www.intellinews.com