19 March 2004 21:42
MinFin targets budget surpluses in 2005-2006
MOSCOW. March 19 (Interfax) - The Russian Finance Ministry is targeting federal budget surpluses of 0.9% of GDP in
2005 and 1.5% in 2006, say materials for the joint session between officials from this and the Economic Development and
Trade Ministry.
Federal budget revenue, including social tax revenue, should be 17.1% of GDP in 2005, and expenditures 16.2%,
including non-interest expenditures 14.2% and interest expenditures for debt servicing 2%.
In 2006, federal budget revenue, including social tax revenue, should be 16.7% of GDP and expenditures 15.2%,
including non-interest expenditures 13.5% and interest expenditures 1.7% of GDP.
This year's planned federal budget surplus is 0.5% of GDP. Planned revenues, including social tax, are 18% of
GDP, and expenditures 17.4%, of which non-interest expenditures 15.5% and interest expenditures 1.9%.
In 2003, federal budget revenues were tentatively 19.4% of GDP, expenditures 17.7% and the surplus 1.7% of GDP.
The Finance Ministry said both the federal budget and the consolidated budget, which includes the federal and
regional budgets and the budgets of state extra-budgetary funds, have been in surplus since 2000.
The consolidated budget had a deficit of 5.2% of GDP in 1998, but surpluses of 3.1% in 2000, 3.2% in 2001, 1.1% in
2002 and tentatively 1% in 2003. [RU ASIA EUROPE EEU EMRG MCE ECI RESF GVD] pr <>
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