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Russia's 2010 budget revenues to beat projections - Kudrin

Russian Finance Minister Alexei Kudrin
11:47 01/09/2009

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MOSCOW, September 1 (RIA Novosti) - Russia's federal budget revenues in 2010 will be more than the planned figure of 6.6 trillion rubles ($207.5 billion), Russian Finance Minister Alexei Kudrin said on Tuesday.

"Revenues will grow and now we are working on a forecast [of Russia's social and economic development until 2012 prepared by the Economic Development Ministry], Kudrin said, adding that it was too early to give exact figures.

The global price of Russia's Urals oil blend is now expected to average $57 per barrel in 2009, compared with the projected figure of $54 per barrel, $58 per barrel in 2010 and $59 per barrel in 2011, Kudrin said.

The finance minister also said that the Economic Development Ministry had upgraded its forecast of Russia's GDP growth in 2010 amid positive trends in the domestic economy.

The ministry earlier expected GDP to grow 1% in 2010.

 

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RIA NovostiRussian Finance Minister Alexei KudrinRussia's 2010 budget revenues to beat projections - Kudrin

11:47 01/09/2009 Russia's federal budget revenues in 2010 will be more than the planned figure of 6.6 trillion rubles ($207.5 billion).>>

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