PRIME-TASS. The consolidated budget of Russia, including budgets of government off-budget funds (the Pension Fund, the Social Security Fund and the Compulsory Healthcare Insurance Fund), was executed with a surplus of Rub 1.74 tln in January-June 2011, i.e. 6.4x more than a year ago, the Federal Statistics Service said in a report.
In January-June 2011 the budget surplus amounted to Rub 272.3 bln. Generally, Russia’s consolidated budget deficit totaled Rub 1.58 tln in 2010.
Revenues of the consolidated budget grew to Rub 9.88 tln in January-June 2011 from Rub 7.60 tln a year earlier. Budget spending also grew from Rub 7.33 tln to Rub 8.13 tln.
Federal revenues totaled Rub 5.30 tln and federal spending amounted to Rub 4.60 tln. So, in the first half of 2011 a federal budget surplus equaled Rub 703.5 bln.
Budget revenues of Russian constituent entities totaled Rub 3.71 tln and budget spending amounted to Rub 3.00 tln. Earnings of state-run funds reached Rub 2.80 tln, spending came to Rub 2.50 tln, while earnings and spending of territorial off-budget funds totaled Rub 430.6 bln and Rub 403.7 bln, respectively.
During the January-June period of 2011 the Russian consolidated budget received taxes, duties and other mandatory payments administered by the Federal Tax Service (FTS) for a total of Rub 4.78 tln or 29.1% more than in the year-earlier period.
As of July 1, 2011 the aggregate amount of the Reserve Fund (in rubles and currencies) totaled Rub 746.8 bln, up 0.1% against June 1, while that of the National Welfare Fund (NWF) reached Rub 2.6 tln. NWF also grew 0.1%.
