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Oil and gas revenues of the RF budget grew by almost 42%

Oil and gas revenues of the RF budget grew by almost 42%
Photo: pixabay.com

Oil and gas revenues of the Russian budget for the first half of the year increased compared to the same period in 2020 by 1 million rubles. The growth was 114% - 939,6 million rubles.

According to operational report Of the Accounts Chamber of the Russian Federation on the execution of the federal budget for the first half of the year, the share of oil and gas revenues in the total revenues of the federal budget amounted to 33,5% and, compared to the same period in 2020, increased by 4,3 percentage points. From January to June 2021, the total volume of budget revenues of the Russian Federation amounted to 11 million rubles (264% of the projected total).

The volume of revenues was influenced by the change in the size of rates as part of the completion of the tax maneuver in the oil and gas industry, the adjustment of the parameters of the tax regime on additional income from the extraction of hydrocarbons, changes in the size of fees and standards for crediting revenues to the federal budget, as well as a reduction in oil production under the OPEC agreement +.

The increase in oil and gas revenues compared to the same period in 2020 was most significantly influenced by a 1,5-fold increase in revenues from MET in the form of hydrocarbons, export customs duties on natural gas, crude oil and refined products (an increase of 1,5 times) ...

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