04 June 2004 05:51
Stabilization Fund to reach 198.7 bln rubles by June 1
The initial volume of the stabilization fund, set up in January by
transferring the balance from the federal budget from last year,
MOSCOW. June 4 (Interfax) - The volume of the Russian stabilization fund as of June 1 amounted to 198.7 billion
rubles, the Russian Finance Ministry announced on Friday, based on preliminary federal budget information for
January-May.
The Russian stabilization fund has been accumulated since the
start of the year from revenue received due to high oil prices.
amounted to 106 billion rubles. In February-May the fund received 92.7 billion rubles, the Finance Ministry said.
Additional revenue from oil export duties and the tax on oil production received when oil is over $20 per barrel is
paid into the fund. [RU EUROPE ASIA EEU EMRG ECI MCE FUND CRU OIL ENR TRD] rd <>
[Interfax] |
RUSSIA IN FACTS
