In Russia, the share of oil and natural gas revenues in the federal budget fell to its lowest level in the last 16 years, accounting for approximately 28% of all revenues. The Agency reports this with reference to the analytical note of the Accounts Chamber (CA). RBC.
For nine months of this year, the federal budget’s revenues from oil and gas accounted for 28.3% of all revenues. Compared with the same period in 2022, the share of oil and gas revenues decreased by 15%. In monetary terms, these revenues decreased by 2.9 trillion rubles.
Thus, oil and gas revenues within the total federal budget revenues have decreased to the minimum level since 2007.
These dynamics are explained by the decline in the average price of Ural oil and gas, as well as the tax maneuver in the oil and gas industry.
Previously reportedIt is predicted that Russia’s budget revenues from the fuel and energy complex (FEC) will decrease by 3 trillion rubles in 2023 compared to 2022 and reach 8.6 trillion rubles.
Previously recognizedHow long will oil remain the world’s main energy source?