The budget of the Russian Federation in April has received 18.5 billion RUB additional revenues from oil instead of 64.5 billion rubles.

The budget of the Russian Federation in April has received 18.5 billion RUB additional revenues from oil instead of 64.5 billion rubles.


MOSCOW, may 4. /TASS/. Russia’s Federal budget received in April as extra oil revenues of 18.5 billion rubles., previously predicted the arrival of 64.5 billion rubles this is stated in the materials of the Ministry of Finance.

The deviation of the actual received oil and gas revenues by the end of April 2017 from the evaluation value of oil and gas revenues in April of 2017, implemented a month earlier, was minus 46,0 billion.

According to the Agency, the negative deviation is mainly due to the fact that the actual volume of export of gas and petroleum products in April was significantly lower than forecast estimates, calculated from the baseline scenario of socio-economic development of Russia, forms the basis of the Federal law on the Federal budget for 2017-2019.

An additional factor in the rejection was the return in April of the overpayment of previously paid customs payments. The decrease in exports of petroleum products was not offset by exports of crude oil. Decreased compared with theoretical estimates of the volume of oil production. In addition, actual exchange rate of the dollar against the ruble in April formed at a lower level compared to the average monthly value of Mar used in the estimation.

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