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Russian oil and gas revenues to exceed budget by RUB 719 bln

Russia will earn RUB 719 billion more from oil and gas sales than was forecast in its budget for the year, Russian Finance Minister Anton Siluanov said.
By Staff reporter 19 May 2017 0 25981

Russia will earn RUB 719 billion ($12.61 billion) more from oil and gas sales than was forecast in its budget for the year, Russian Finance Minister Anton Siluanov said while presenting corrections to the budget at a government session.

The budget’s estimated price for oil has been raised to $45.6 per barrel from $40/bbl. GDP growth was also revised and is expected to be 2% for the year.

"We expect to receive RUB 1.144 trillion more in revenue this year. We propose increasing spending by RUB 315...