OREANDA-NEWS Currently, the authorities are moving to reduce the dependence of the federal budget on cash receipts from sales of energy resources, including oil and gas. This was stated by the head of the Ministry of Finance (Ministry of Finance) of the Russian Federation Anton Siluanov, his words are quoted by TASS.

One of the main sources of financing for the state treasury in the next few years will be domestic borrowings, the minister said during a speech at a hearing in the Federation Council on the parameters of the draft federal budget for 2025-2027. Reducing dependence on oil and gas revenues will be among the key priorities.

Earlier, the Ministry of Finance reported a sharp increase in non-oil and gas revenues of the federal budget. According to the department, the volume of such receipts to the state treasury in the first eight months of 2024 increased by 27.3 percent compared to the same period in 2023. In monetary terms, the figure amounted to 15.473 trillion rubles.

The Ministry of Finance also noted a noticeable increase in turnover tax receipts, including VAT, from the largest representatives of non-oil and gas sectors of the Russian economy. This circumstance, as specified in the department, forms a stable basis for further outstripping the growth of such a category of income.