The education sector will have to wait longer. In a bid to secure funds, Russia relaxed a 2017 rule designed to limit spending and earmark certain proceeds from oil sales for its sovereign wealth fund, a cushion that shields the economy from swings in oil prices and protects its currency reserves.

Government Budget Value in Russia averaged 389.26 RUB Billion from 1998 until 2020, reaching an all time high of 3834.60 RUB Billion in October of 2008 and a record low of -2967.30 RUB Billion in December of 2016. Consolidated budget spending on healthcare and public order and domestic security will grow this year and next by over 10 %. People’s real income in the Russian Federation has been declining for four consecutive years: by 5.9 percent in 2016, by 3.2 percent in 2015, and by 0.7 percent in 2014.

facts.

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The finance ministry’s technical assumption is that NWF assets will not be invested in anything other than central bank accounts. Then you will be able to mark statistics as favourites and use personal statistics alerts. (February 20, 2020). Directly accessible data for 170 industries from 50 countries

Regional budget revenue estimates are not broken out.

Reporting by Andrey Ostroukh and Darya Korsunskaya; editing by Mark John and Larry King. "Oil and gas revenue to the Russian federal budget from 2016 to 2019 (in billion Russian rubles)." The military budget of Russia is the portion of the overall budget of Russia that is allocated for the funding of the Russian Armed Forces. In, Economic Expert Group. ", Economic Expert Group, Oil and gas revenue to the Russian federal budget from 2016 to 2019 (in billion Russian rubles) Statista, https://www.statista.com/statistics/1028682/russia-federal-budget-oil-and-gas-revenue/ (last visited November 07, 2020), Oil and gas revenue to the Russian federal budget from 2016 to 2019, Oil production in barrels per day - top fifteen countries 2019, Global monthly oil demand change, by country 2020, Russian federal budget oil and gas revenue 2016-2019, Urals crude oil price forecast 2018-2036, by scenario, Average mineral extraction tax rate for oil in Russia 2014-2019, Total length of Russian oil pipelines 2000-2019, by type, Oil production in Russia quarterly 2019-2020, Volume of Russian oil production 2010-2019, by region, Oil refinery throughputs of Russia 2005-2019, Refinery output of petroleum products in Russia in 2019, by type, Petroleum product domestic supplies in Russia 2012-2019, by type, Petroleum products shipment in Russia 2019, by type and region, Gasoline's share of retail trade turnover in Russia 1992-2019, Crude oil export volume from Russia 2008-2019, Crude oil export value from Russia 2000-2019, Main crude oil export destinations from Russia in 2019, by value, Refined oil products export value from Russia 2000-2019, Oil gross export volume in Russia 2012-2024, Major oil and gas companies' federal budget contribution in Russia in 2018, Shares fall of Russian companies on Black Monday 2020, OPEC+ deal oil output cut distribution in 2020, by country, Monthly crude oil export duty in Russia 2017-2020, Average oil refining margin forecast in Russia 2020, by scenario, Global crude oil exports by OPEC countries 2012-2019, Crude oil exports from Canada by receiving region 2019, Annual crude oil exports in the Emirate of Abu Dhabi 2010-2018, OPEC oil exports - regions of destination 2012-2019, Pemex: crude oil exports 2019, by region of destination, Value of crude oil exports Indonesia 1996-2019, Distribution of global crude oil exports by country 2018, Global oil industry spend on cloud computing and advanced analytics 2019-2030, U.S. views on federal government bailing out oil industry by political belief 2020, Brazil: crude oil export volume 2018-2020, by month, Coronavirus (COVID-19): impact on the energy industry, Oil and gas revenue to the Russian federal budget from 2016 to 2019 (in billion Russian rubles), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre.