Russia Increased its Budget

The Russian federal budget had a surplus of tentatively 570.4 billion rubles or 10.85% of GDP calculated by the cash execution method in the first quarter of 2006, the Finance Ministry said. Cbonds.info reported.

Revenues were 1.396 trillion rubles or 26.6% of GDP and spending by cash execution was 825.6 billion rubles or 15.7% of GDP.