Tax revenues of the Russian budget reached a record

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Tax revenues of the consolidated budget of the Russian Federation in 2023 increased by 7.7% to RUB 36.2 trillion by 2022. The newspaper writes about this “News” With reference to calculation data on the FinExpertiza network.

This is slightly higher than inflation of 7.42%, but the increase in fees has slowed by half compared to the first year of sanctions, the publication writes.

In January-February, there was a contraction in revenues due to the oil embargo and ceiling prices. After the establishment of logistics to friendly countries, the total accumulated collections exceeded the 2022 level only in August.

According to the Federal Tax Service, oil and gas revenues decreased by 13.6% due to market fluctuations and low hydrocarbon prices. Mineral extraction tax collections fell 11.1% to RUB 9.5 trillion. However, non-oil and gas revenues increased by 16%, or 3.8 trillion₽.

More than 27% (₽10 trillion) of all collections came from mineral extraction tax. In second place is income tax (22%), which increased by 25% to RUB 8 trillion. The newspaper says the business also paid excess profits tax of ₽315.5 billion.

VAT within the country provided 20% of revenues, personal income tax – 18%, property taxes – 5%, personal income tax – 4%.

The largest increases in taxes were in Moscow (+₽1.95 trillion), St. It took place in St. Petersburg, Moscow region, Sverdlovsk and Leningrad regions. Wages fell in oil and gas regions such as the Irkutsk region, the Khanty-Mansi Autonomous Okrug and Yakutia.

The Federal Tax Service foresees maintaining at least the current level of income in 2024. The economy has adapted to new realities and the budget is gradually being de-dollarised, with non-oil and gas taxes being increased to +20% by 2021.

Before that, Moscow Mayor Sergei Sobyanin named Federal budget profit from the BCL project.

Previously in Russia to create Additional reserves for the economy.

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