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Расходы на промышленность, энергетику и строительство Expenditure on industry, energetics and construction



Расходы на сельское хозяйство и рыболовство Expenditure on agriculture and fishery



из них of them:

expenditure on agricultural producersо



state support to individual farmers



Expenditure on fundamental research




on agricultural science



Expenditure on architecture and urban construction



including the agro-industrial complex

не выделялось

Рассчитано на основе данных Счетной палаты Российской Федерации

Calculated on the basis of the data of the Accounting Chamber of RF

E. Serova

Foreign Trade

The Russian foreign trade turnover with the Far- Abroad countries ( without the account of individual trade operations and humanitarian aid supplies) mad up USD 74.7 bln. This is at 3.9% more than the analogous indicator of the preceding year, including: exports- USD 51 bln. ( 6.2% up), imports - USD 23.7 bln. ( 0.8% down).

The importation of goods by private persons for the purpose of individual trading made up USD 9.3 bln. The price rise for exported goods of fuel and energy complex to the far Abroad countries is determined by an increase of contract prices, and, to a less degree, by a growth of physical volume of supplies. The exports also gained benefits from world markets' favorable juncture, since prices for mineral fuel were growing over the year. At the same time, the dynamics of contract prices reflected a change in international markets' prices adequately.

The unfavorable juncture at world markets has taken shape in terms of non- ferrous metals exports. The increase of the respective exports was happening at the expense of a growth of physical volume of supplies, while contract prices were going down. In their physical equivalent, the exports of copper increased by 24%, nickel - by 9%, and aluminum- by 24%.

The exports of machine- building products grew by 20.3%, as compared with the same period last year, and their share in an overall export volume grew from 6.8% to 7.7%.

The share of Far- Abroad countries in Russian foreign trade reduced to 75.3%, against 78.1% observed in January- September last year, due to an advancing rise of mutual deliveries between Russia and the C.I.S. states. Last September was, in some sense, a repetition of the last March, since it was still these two months of 1996 resulted in a drop of the import level against the preceding month

Figure 8

: the respective decrease made up 3% in September, as compared with August. The negative balance of the national trade still remains (USD 992 mln.), though the share of imports is decreasing, and one may envision a converging of absolute price values of imports from and exports to the Far- Abroad countries.

N. Volovik, S. Prikhodko

1 The estimates are carried out using the developed at the IET autoregression model of inflation dynamics. That model is based on the analysis of changes in rates of broad money (M2) growth for the previous half of year (‘Russian Economy in 1995. Trends and Outlooks. IET, 1996).

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