The Russian Ministry of Finance stated that the country’s economic recovery is following a more “rosy trajectory” than previously predicted.

“Overall, we see that the economic recovery – this was actually observed in the fourth quarter of last year and in the third one – partly follows a more rosy trajectory than the government’s forecasts.”

According to experts, tax revenues are growing by 5-10 percent per month. “This is VAT, this is income tax, this applies to all key taxes, and salary taxes, personal income tax, insurance premiums and profit tax.”