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According to preliminary data, the surplus of Russia's federal budget amounted to RUR 55.46bn (about $1.94bn according to the current exchange rate) in January 2004, 5.3 percent of the country's projected GDP for January (34.2 percent of the total expenses), the Russian Finance Ministry told RBC.
Revenues totaled RUR 217.8bn ($7.63bn) last month, 106.4 percent of the projected amount. Expenditures were RUR 162.4bn ($5.69bn), 0.4 percent less than planned. Primary surplus was RUR 66.5bn ($2.33bn), 6.4 percent of the projected GDP. According to the Finance Ministry, Russia's GDP amounted to RUR 1.043 trillion ($36.56bn) last month.
According to the 2004 budget bill, budget expenditures are set at RUR 2.659 trillion (about $93.2bn), and budget revenues are projected to be RUR 2.742 trillion ($96.1bn).
The projected GDP is 15.3 trillion rubles ($536.28bn). Consumer inflation is expected to be 10 percent. The budget surplus, estimated at RUR 83.403bn ($2.9bn), will be allocated to the Stabilization Fund.
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RUSSIA IN FACTS
