Budget revenues in Russia from the sale of oil and gas in January and February decreased by 46% compared to the same period last year.

At the same time, expenses have increased by 52%, reported the Russian Ministry of Finance, BNR reported.

The finance department explained that the decrease in budget revenues is due to the decrease in prices of the Russian oil grade "Urals" and to the reduction in the export of natural gas.

And they assured that the budget deficit of about 40 billion dollars will be compensated with funds from the National Welfare Fund.

A tanker with Russian oil was banned from entering Spanish ports

Russian authorities hope that the annual deficit will not exceed 2% of gross domestic product.

In April, a minimum discount threshold for Urals compared to Brent will be introduced and subsidies for oil companies supplying fuel to the domestic market will be reduced.

It is expected to bring in revenues of around $8 billion.

In addition, representatives of large business will have to make a one-time contribution to the budget, separate from other taxes, of $4 billion each.

Since the spring of last year, in Russia, budget expenditures for individual feathers have been classified. 

natural gas

Russian oil