Oil and gas revenues of the Russian Federation in July were less than forecast by 74.7 billion rubles

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AK&M 03 August 2022 13:36

The total deviation of actually received oil and gas revenues from the expected monthly volume and the estimate of the base monthly volume of revenues from the base monthly volume of oil and gas revenues by the end of July 2022 amounted to -74.7 billion rubles. This is reported by the Ministry of Finance.

The expected volume of additional oil and gas revenues of the federal budget, associated with the excess of the actual current oil price above the baseline level, is projected in August at 359.5 billion rubles.

Thus, the total amount of additional oil and gas revenues is 284.8 billion rubles.

Due to the temporary suspension for 2022 of certain provisions of the budget rules related to the use of additional oil and gas revenues of the federal budget, the purchase of foreign currency and gold at the expense of the above funds will not be made, the Ministry of Finance reports.