tax revenue down 41.4% since March

Ministry of Finance of the Russian Federation

The consolidated budget of the Russian Federation received 41.4% less taxes in September 2022 compared to March fees. However, compared with the indicators of the beginning of autumn 2021, tax revenues increased by 4.1%, Izvestia writes, citing a study by the analytical service FinExpertiza.

Experts see several main reasons in the reduction of state tax revenues. In particular, this was affected by a decrease in hydrocarbon supplies and the strengthening of the ruble, clarify Izvestia on Wednesday, November 9th.

The largest share of revenue in September 2022 was provided by domestic VAT and mineral extraction tax – 804 billion and 688 billion rubles, respectively. Personal income tax brought 423 billion to the treasury, income tax – 367 billion.

Economists point out that this situation has already been taken into account in the 2022 budget. The deficit of tax revenues should not affect the implementation of the state’s social obligations to citizens.

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