10 June 2004 05:24
Budget revenue 8% over target in Q1 - Fradkov
MOSCOW. June 10 (Interfax) - The federal budget revenue target in the first quarter has been exceeded by 8%, Russian
Prime Minister Mikhail Fradkov told the government on Thursday.
He said that this was due to favorable economic conditions: growth in GDP in the first quarter amounted to 8%, and
real disposable incomes increased 13% year-on-year.
He said that the stabilization fund started to function as part of
the federal budget from the start of this year. "It increased by a
third since the start of the year to amount to over 142 billion
"This made it possible to exceed our budget revenue target by 8% and to end the quarter with a surplus," he
said.
rubles," Fradkov said. [RU EUROPE ASIA EEU EMRG ECI MCE] rd <>
[Interfax] |
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