On implementing the federal budget in the first six months of 2013
In the first six months of 2013, federal-budget revenues totaled 6.26 trillion roubles and exceeded the budget forecast by 430.6 billion roubles (7.4%). Non-oil and gas revenues exceeded planned volumes by 6.5%. Budget expenses totaled 5.9 trillion roubles, or 6.2% less than planned. The federal budget posted a 368 billion rouble surplus, which was 1.2% of GDP. In late 2012, the federal-budget surplus totaled 0.9% of the GDP.
In the first six months of 2013, the GDP grew by 1.7% over the same period in 2012. During this period, the share of non oil and gas revenues exceeded 50% and reached about 50.5%. In 2012, this share was 48%.
As of July 1, 2013, the Reserve Fund totaled almost 2.8 trillion roubles (2.77 trillion roubles), and the National Wealth Fund exceeded 2.8 trillion roubles (2.83 trillion roubles).
In the first six months of 2013, cash execution of federal budget spending for federal targeted programmes totaled 25.8% of annual budget compared with 28.4% in the first six months of 2012. As of August 1, 2013, cash execution totaled 35.8% of annual budget allocations.
In all, projects and measures of the Federal Targeted Investment Programme received 19.6% of planned funding volumes, as compared to 24.1% for 2012. As of August 1, 2013, the Federal Targeted Programme received 25.2% of planned funding volumes.