3 Sep 2009 16:53

Russian budget revenue could be slightly higher than planned in 2009

MOSCOW. Sept 3 (Interfax) - Russia's federal budget revenue could be 6.725 trillion rubles instead of a planned 6.713 trillion rubles this year, Deputy Prime Minister Alexei Kudrin, who is also the country's finance minister, told reporters.

"We'll fulfill the plan, but the structure of the revenue plan will differ," Kudrin said.

Russia will collect 740 billion rubles more oil and gas revenue than anticipated, because oil will average at $57 a barrel instead of the $41 that had been budgeted for, he said. However it will lose as much in other taxes that are unrelated to the oil and gas sector, he said.

The drop in imports and, consequently, customs import duties and VAT will cost Russia 729 billion rubles in missed revenue, and profit tax collection has fallen more than the Finance Ministry planned, Kudrin said.