MOSCOW, October 10 (Itar-Tass) —— Deficit of the consolidated budgets of the Russian regions will be at about 50 billion roubles (USD 1 = RUB 32.01) in 2012, Acting Finance Minister Anton Siluanov said during parliamentary hearings in the Federation Council, upper house of the Russian parliament, on Monday.
In his words, the budget system is expected to be more balanced in 2012. Next year, incomes in the consolidated budgets of the regions will reach 7,682 billion roubles, which will be 5.8 percent more than in the current year, Siluanov said.
Besides, the growth of expenditures will be the same and will reach 7,729.5 billion roubles, the acting minister said.
Therefore, the total deficit is expected will be at about 50 billion roubles, as compared to 100 billion roubles in 2010, Siluanov said.
“This year’s deficit of the regions’ budgets will be at the level of 50 billion roubles,” he said.