Russia posts $ 9 billion consolidated budget surplus in January - Federal State Statistics Service

Russia had a consolidated budget surplus of 288.4 billion rubles in January 2013, compared with a surplus of 413.5 billion rubles in the same period of last year, the Federal State Statistics Service (Rosstat) said.

Consolidated budget revenue, including state extra-budgetary funds, totaled 1.592 trillion rubles, up from 1.447 trillion rubles in the same period of 2012; and consolidated spending was 1.303 trillion rubles, up from 1.033 trillion rubles.

Tax revenues to the consolidated budget in January 2013 included 346 billion rubles from foreign economic activities or 21.8 percent of overall revenue; 208.2 billion rubles in taxes, levies and royalties for the use of natural resources (13.1 percent); 207.5 billion rubles in compulsory social insurance contributions (13 percent); 110.9 trillion rubles in corporate profit tax (7 percent); 126.2 billion rubles from personal income tax (7.9 percent); 172.3 trillion rubles VAT on goods sold in Russia (10.8 percent); 99 billion rubles VAT on goods brought into in Russia (6.2 percent); 27.2 billion rubles in property tax; 98.3 billion rubles excise on goods made in Russia; and 3 billion rubles excise on goods brought into Russia.

Consolidated budget expenditures in January 2013 included 727 billion rubles on social and cultural programs; 107.4 billion rubles on the national economy; 226 billion rubles on national defense; 98.2 billion rubles on national security and law enforcement; 89.6 trillion rubles on general government needs; 21.1 billion rubles on the housing and public utilities sector and 33.1 billion rubles on government and municipal debt servicing.

Russia's federal budget had a surplus of 15.6 billion rubles in January, compared with a surplus of 27.2 billion rubles in the same period of 2012. Revenue was 1.093 trillion rubles (1.06 trillion rubles a year previously) and spending - 1.109 trillion rubles (1.032 trillion rubles).

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