Official Reports On Tax Revenues In 2001

About 1.5 trillion rubles (about $50bn) went to the consolidated budget of the Russian Federation over the first ten months of 2001. Taking into consideration single social tax payments, this amount reaches around 2 trillion rubles (about $66.9bn), Deputy Finance Minister for Taxes Sergey Shulgin declared at a conference of the Russian Council of Industrialists and Entrepreneurs devoted to tax reforms today. According to the official, 49.9% of this sum went to the federal budget and 51.1% - to regional budgets. He also stressed a significant increase in tax revenues this year compared to the previous year. According to Shulgin, the volume of tax revenues went up 30% and that of income tax by 49%.