Federal budget posts surplus of $4bn in January-August 2002

The Russian federal budget was implemented with a surplus of RUR124bn(around $3.93bn) in January-August 2002, which is equal to 1.8 percent ofthe estimated GDP growth rate (RUR6.787 trillion or $215.46bn) over asimilar period. The primary surplus was RUR289.1bn (around $9.17bn) or 4.3percent of the estimated GDP in January-August 2002. According to thepreliminary forecast of the Federal Treasury of the Russian FinanceMinistry, the federal budget posted the following figures inJanuary-August: income of RUR1.388 trillion (around $44.06bn) (65.3 percentas compared to the budget assignment for this year and 90.2 percent of therevised assignment for tax collection for the first nine months of 2002);expenditures of RUR1.264 trillion (around $40.12bn) (64.9 percent of thebudget assignment for this year and 85.5 percent of the revised budgetestimate for the first nine months of this year). .