MOSCOW, February 27 (RIA Novosti) - The board of Russian energy giant Gazprom has approved in absentia the company's budget for 2006, the company said Monday.

Revenues and incoming funds will total 1.89 trillion rubles ($67.2 billion), while debt repayments, expenses, and investments are planned at 1.98 trillion rubles ($70.4 billion), Gazprom said in a press release.

Borrowing will total 90 billion rubles ($3.2 billion).

According to Gazprom's 2006 investment program, the volume of investment is planned at 310.1 billion rubles ($11 billion), including capital investments at 278.42 billion rubles ($9.9 billion) and long-term investments at 31.68 billion rubles ($1.1 billion).