Russia's federal budget received $9.6 billion in additional revenue due to auditing measures, primarily involving the Yukos and Sibneft oil majors and some companies in Bashkiria (a Russian republic in southern Urals), the official said ahead of a cabinet session to review the federal budget for the first half of 2005.
The official also said the additional $16.4 billion of revenue was a result of rising world oil prices and consequent GDP growth, and higher exports and imports.
He added that budget tax revenue, including the single social tax, totaled $53.4 billion (around 9% of GDP) in the first six months of this year. This figure is $15.7 billion, or nearly 42%, more than predicted.
Non-tax revenue was $27.6 billion, or 140.6% of the budget plan. This revenue was mainly based on foreign economic activity, including import and export customs duties.
Budget spending was $56.6 billion, or 52.8% of annual budget allocations and 96.5% of the budget spending scheduled for the first half of the year.
Of this amount, non-interest spending was $52.9 billion, or 96.7% of the adjusted planned budget expenditures. Interest spending was $3.7 billion, or 93.7% of the planned spending.
