NEWS: Russia cash budget revenues up 30 pct in Q1-FinMin

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Apr 10, 1998, 3:00:00 AM4/10/98

Russia cash budget revenues up 30 pct in Q1-FinMin

MOSCOW, April 9 (Reuters) - Russia's hard hit budget saw a 30 percent
rise in cash receipts from tax and customs duties in the first quarter
of the year, a Finance Ministry official said on Thursday.

``In real figures, that is taking into account inflation, the growth
was 20 percent,'' First Deputy Finance Minister Sergei Ignatyev told

He said the comparison was against the first quarter of 1997 but he
did not give receipts in rouble terms.

A regular government report, presented to parliament in late February,
said early data showed budget revenues in January-February were 47.8
billion roubles ($8 billion), or 52.2 percent of target for the entire
first quarter.

The report said that in the same period budget spending was 38.6
billion roubles or 63.5 percent of first quarter plans.

It also said the share of tax receipts in budget revenues was 33.8
billion roubles.

($ - 6.1270 roubles)

12:47 04-09-98
It's up but still not enough :)
Andrey Dmitriev
AOL: NetComrade AIM: NetComrade
Please remove NOSPAM from e-mail address to e-mail.
If anybody knows how to buy/reserve train tickets in Russia,
please e-mail me, thanx.

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