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Tax Debts To Russia's Consolidated Budget Grow In November

by Tatiana Smolenska, Tax-News.com, Moscow

24 November 2003


In a statement released last week, the Russian Tax Ministry revealed that as of November 1 this year, the total tax arrears to Russia’s consolidated budget have risen by 1.6% to 527.6 billion rubles ($17.7 billion).

According to the figures, payments to the consolidated budget which includes federal, regional and local treasuries, amounted to a total of 3 trillion rubles in the period between January and October.

As a proportion of the consolidated budget, the federal budget accounted for just under 50% of the total, up 15.2% on the year, the statement showed.

Meanwhile, payments to the non-budget funds, including the unified social tax, amounted to 780.7 billion rubles, whilst contributions to the pension fund amounted to 610.8 billion rubles.


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