Exporters will pay about 50 billion rubles monthly to the budget in the fourth quarter of this year and next year in the form of “foreign exchange tax”, which was introduced by government decree on October 1. This was reported by Interfax Referring to the explanatory note on the draft 2024 federal budget.
The publication states that budget revenues for the fourth quarter of 2023 and next year will be 755 billion rubles. Of these, 151.6 billion rubles are in 2023, and the remaining 604.25 billion rubles are in 2024.
The agency emphasizes that the relevant duty was introduced during this period.
Before that, Minister of Economic Development of the Russian Federation Maxim Reshetnikov statedHe said the Russian economy will remain stable next year.
Finance Minister Anton Siluanov had previously stated that Russia’s federal budget deficit would fall to the projected range of 2% of GDP in 2023. He also assured that a responsible approach to financing will be maintained in the coming years and that all obligations and priorities will be unconditionally financed.
Formerly Central Bank of the Russian Federation raised key rate up to 13%.
Source: Gazeta
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