The surplus of the consolidated budget of the Russian Federation increased by 14%

In January-August of the consolidated budget of the Russian Federation a surplus at the level of 1.593 trillion rubles. This is confirmed by the data published on the website of the Federal Treasury.

Consolidated revenues amounted in the first eight months of the year 15,023,000,000,000 rubles, while expenditures reached 13.43 trillion rubles. Thus, the surplus of the consolidated budget of the Russian Federation is now increasing, in January-July budget ran a surplus of 1.4 trillion rubles.

According to the Finance Ministry, the federal budget surplus in January — August amounted to 529.39 billion rubles., Or 1.4% of GDP.

The head of the Ministry of Finance Minister Anton Siluanov believes that the 2012 deficit budget is possible, so a deficit of 0.1%, which is now included in the budget will be reviewed. According to preliminary estimates, the Ministry of Finance, the federal budget surplus in January-September 2012 amounted to 635.76 billion rubles. Given the fact that in January-September this year, the average price of Urals crude was $ 111.02 per barrel, a balanced budget for the year is possible, as it is expected inflow of funds into the budget in the form of dividends from the "Rosneftegas" and the sale of shares of the Central Bank of the Russian Federation Sberbank. Also it is necessary to take into account that the traditional expenditure budgets of different levels is greatly increased by the end of the year, so there is a high level of proficiency is not surprising.

In the next three years, the federal budget will be tougher, but more stable, due to the introduction of the fiscal rule. The rule takes into account the ten-year period of formation of oil prices, but 2013 is taken into account the average price of oil over the past 5 years, and then during the formation of the average price per year will increase by 1 year. Additional revenues from high oil prices, will be sent to the Reserve Fund until such time as it will amount to 7% of GDP.

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