04:04 GMT +323 June 2018
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    Budget revenue from subsoil auctions to hit $1.2 bln in 2005

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    MOSCOW, December 21 (RIA Novosti) - Budget revenues from mineral deposit auctions in 2005 will total more than 35 billion rubles ($1.2 billion), a 38-fold increase against last year's figure, the Russian natural resources minister said Wednesday.

    Yury Trutnev said last year's revenues from mineral deposit auctions amounted to 919 million rubles ($32.1 million).

    He added that payments for the use of forests would add $118.6 million ($108.2 million in 2004) to the budget and tariffs on water would contribute $373.2 million ($334.9 million in 2004).

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