RAO UES Board of Directors approves 2003 budget figures - 29 March, 2003

RAO UES Board of Directors has approved the energy holding's total revenues for 2003 at 73.252bn rubles (about $2.33bn), the mass media department of RAO UES reported.

RAO UES expenses are to amount to 75.823bn rubles (about $2.41bn) this year. So, the deficit of the holding's 2003 budget is to be 2.571bn rubles (about $82m).

The holding's investment program for 2003 amounts to 23.551bn rubles ($750m).