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Russia's budget revenue up 19.1 percent in January-October

Staff Writer | November 21, 2017
Russia's consolidated budget revenue from January to October in 2017 was around $241 billion, a 19.1 percent increase compared with the same period last year, the Russian Federal Taxation Service (FTS) said.
Mikhail Mishustin
Russia   $241 billion
"Over 10 months, the consolidated Russian budget has received 14.3 trillion rubles ($241 billion), which is 19.1 percent or 2.3 trillion rubles ($38.8 billion) higher year on year," FTS head Mikhail Mishustin said at a meeting with Russian President Vladimir Putin.

The Russian federal budget received 7.5 trillion rubles ($126.4 billion), which is 30 percent higher than the same period last year, Mishustin said.

The increase is largely due to the oil and gas industry that accounts for 60 percent of the revenue increase, he added.

Russia's gross domestic product grew 1.6 percent year-on-year in the first nine months in 2017, according to preliminary data released by the official statistic service Rosstat on Monday.