The surplus of Russia's consolidated budget will amount to about 300bn rubles (about $9.87bn) in 2004, Deputy Finance Minister Tatiana Golikova declared at a meeting of the tripartite commission for regulating budget relations today. According to her, revenues of the consolidated budget are planned to be 4.5 trillion rubles ($148.11bn), while expenses are to amount to 4.2 trillion rubles ($138.24bn).
Golikova also noted that the total amount of revenues of regional budgets in 2004 was estimated at 1.801 trillion rubles ($59.28bn), expenses at 1.892 trillion rubles ($62.28bn). She stressed that the 90bn-ruble (about $3bn) deficit does not take into account subsidies from the federal budget. Some 306.7bn rubles ($10.1bn) will be allocated to regions from the federal budget next year. So, the surplus of regional budgets will be 216.7bn rubles ($7.1bn).
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