MOSCOW, November 24 (RIA Novosti) - Russia's 2007 budget may lack additional revenues if crude price remains below $60 per barrel, the Russian finance minister said Friday.
On Friday, the Russian parliament's lower house, the State Duma, approved the 2007 budget, which forecast crude price at $61 per barrel.
With 226 votes required, 348 parliamentarians backed the document, and 91 voted against it.
Under the new budget, revenues are expected at 6,965.3 billion rubles ($262 billion), and spending is set at 5,463.5 billion rubles ($206 billion).
Alexei Kudrin also said that in April 2007 the government will introduce to the State Duma a draft budget for three years.
"In April we will introduce a draft budget for 2008-2010," he said.
The minister called on parliamentarians to start working on the three year budget in February or March 2007.
