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Russia Posts 6-Month Budget Surplus of 247.4 Billion Rubles

July 12 (Bloomberg) -- Russia’s federal budget had a surplus of 247.4 billion rubles ($7.56 billion) in the first six months of the year, equivalent to 0.9 percent of gross domestic product, the Finance Ministry said on its website today.

Revenue in the period was 6.199 trillion rubles, and spending was 5.952 trillion rubles, the ministry’s data show.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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