Oil and gas revenues of the Russian budget increased by 58.7% in January. The increase is due to rising prices for Russian oil, the Russian Ministry of Finance says.
The Russian budget deficit in January tentatively amounted to 308 billion rubles, according to the ministry. The ministry says that in the coming months, oil and gas revenue are expected to steadily exceed their base amount. The budget deficit for January is tentatively estimated to be 308 billionrubles, the ministry says. It is not clear if this figure is accurate or not.