Treasury: Russia’s budget surplus in January-July amounted to 736.9 billion rubles

The surplus of the total budget of Russia (including the regional budgets and off-budget funds) in January-July amounted to 736.95 billion rubles., According to the Federal Treasury.

Budget revenues in January-July amounted to 13 trillion 574.9 billion rubles., Expenses — 837 950 000 000 12 trillion rubles. 

The federal budget surplus (excluding regional budgets and extra-budgetary funds) for the seven months amounted to 287.22 billion rubles. Federal budget revenues reached 7,000,000,000,000 330,010,000,000 rubles., Expenses — 7,000,000,000,000 042,780,000,000 rubles.

The surplus of the total budget entities (regions) in January-July amounted to 158.74 billion rubles., Income — 4 trillion 561.8 billion rubles., Expenses — 4 trillion 403.1 billion rubles.

The budgets of state extra-budgetary funds in January and July filled with a surplus of 243.5 billion rubles., The budgets of the territorial state extra-budgetary funds — with a surplus of 47.5 billion rubles.

"We have to go to reduce the expenditure side of the budget to less than 5% for all items except the protected" — said Prime Minister Dmitry Medvedev at a meeting of the government on Thursday. Thus on some items reduced costs may be higher. Previously, the need to reduce costs declared by President Vladimir Putin.

The Ministry of Finance in August, said that the budget revenues in 2014 could fall by 1.5% (to 197 billion rubles.). In 2015, revenues could fall by 3.7% in 2016 — 5.5% of the results outlined in the main areas of fiscal policy for the next three years.

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