Federal Budget Execution for Three Quarters of 2021
Revenue receipts to the federal budget are above planned volumes both for the oil and gas and the non-oil and gas components. According to results for three quarters of 2021, federal budget revenues amounted to Rb 17.9 trillion, which is equivalent of 95.5% of the projected annual volume and 35.6% higher than revenues for the same period last year. Federal budget expenditures for the three quarters of 2021 increased by Rb 1.4 trillion compared to the same period in 2020 with cash execution of 76.6% of the annual approved volumes