According to preliminary estimates of the Russian Finance Ministry, the federal budget saw a surplus of 900m rubles (about $28.49m) in January and February 2003. According to the ministry's press service, this surplus made up 0.1 percent of the forecasted GDP. The primary surplus was 53.4bn rubles (about $1.69bn), or 3.1 percent of the forecasted GDP.
According to preliminary estimates, the Russian federal budget's revenues totaled 366.1bn rubles (about $11.59bn) over the first two months of this year, which was 66.7 percent of the planned revenues for the first quarter of 2003. Budget expenditures amounted to 365.2bn rubles (about $11.56bn), or 61.9 percent of the planned amount for the first three months of this year.
US President Joe Biden and Iraqi Prime Minister Mustafa Al Qadimi signed an agreement on July 26 to formally end the USA's military presence in the country by the end of the year