Russia Budget Surplus Grows Thanks to Windfall Tax on Gazprom
Budget surplus rose to 128.4 billion rubles in January-October
Gazprom paid extra 416 billion rubles to budget last month
By
Bloomberg News
Russia managed to keep its federal budget in surplus in October despite rising spending for the war in Ukraine as a windfall tax on state gas company Gazprom PJSC delivered billions of rubles to state coffers.
The budget surplus reached 128.4 billion rubles ($2.1 billion) in the first 10 months of the year, the Finance Ministry said in a statement Friday. That’s more than double the 54.7 billion rubles reported a month earlier.
