Russia Budget 2006

Russia budget 2006 provides a detailed account of the estimated expenditures for the year 2006 . It also sets Russia’s financial and operational objectives for the year 2007. In Russia budget 2006, the federal budget surplus was estimated to touch 405 billion rubles.

Objectives: Russia Budget 2006

Russia budget 2006 predicts the revenue and expenses over a period of time and accordingly apportions the total sum of money for the estimated projects.

Russia Budget 2006: Report

Russia Budget 2006 primarily highlighted the following issues:

• At the time of declaring Russia Budget 2006, Russian Finance Minister introduced an increase in excise duties on mass consumption of goods.
• Russia budget 2006 primarily aimed to enhance the law and order on local self-government, that includes structure and mechanisms of financing local administrators.
• In Russia budget 2006, it was planned that an investment fund would be designed and it would be financed from the revenues of the federal budget 2006.
• The federal budget revenues and spending in 2006 was expected to touch Ruble 3,304 billion and Ruble 3,275 billion respectively.
• In 2006, the federal budget revenue from tax collection was estimated to reach Ruble 2,063 billion and the non-tax revenues were estimated to touch Ruble 942.971 billion. In 2007, federal budget revenues from tax collection was expected to reach Ruble 2,302 billion and non-tax revenues were to touch Ruble 952.094 billion. The interest spending is expected to touch Ruble 256.836 billion and Ruble 253.484 billion in 2006 and 2007 respectively. The Russia Budget 2006 also estimated that by the end of 2007, the stabilization fund will remain at Ruble 500 billion.