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Russia estimates budget surplus
RBC, 15.05.2008, Moscow 16:55:31.According to preliminary estimates, Russia's cash budget surplus reached some RUB 1.084 trillion (approx. USD 45bn) in January-April 2008, the Finance Ministry reported today. The primary surplus (excluding foreign debt repayments) amounted to nearly RUB 1.143 trillion (approx. USD 47.9bn). Budget revenue stood at roughly RUB 3.025 trillion (approx. USD 127bn), or 37.5 percent of the target for 2008, while cash budget spending totaled nearly RUB 1.941 trillion (approx. USD 81bn), or 26.2 percent of the amended target. The Federal Tax Service transferred to the budget some RUB 1.465 trillion (approx. USD 61.4bn), or 39.4 percent of the annual target. The Federal Customs Service contributed around RUB 1.375 trillion (approx. USD 57.6bn), or 34.2 percent of the target.
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