In the first eleven months of 2011, the Russian federal budget’s revenues administered by the federal Tax Service grew 39.6% compared to the same period of last year and amounted to RUR4.029tn ($127.3bn, or (Euro96.3bn)), the service reported.

Revenues from the mineral tax totaled RUR1.826tn, a surge of 46.5% from January-November 2010.

Revenues from the VAT on goods, work, and services sold in Russia grew 29.4% and exceeded RUR1.547tn. Revenues from the VAT on imported goods were up 70% to RUR83.1bn.

Revenues from the corporate profit tax totaled RUR311.8bn (up 43.1%) and from the excise taxes RUR211.6bn (up 100%).