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Finance minister says January budget deficit was not linked with the presidential campaign

February 17, 2012, 11:56 UTC+3
According to the minister, the January deficit stemmed from the fact that ministries began funding state programs.
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NOVOSIBIRSK, February 17 (Itar-Tass) — Russia’s budget in February will be better balanced than it was in January, Russian Minister of Finance Anton Siluanov promised on Friday.

According to the minister, the January deficit stemmed from the fact that ministries began funding state programs.

“We should not be afraid of the January deficit, on the contrary, it is good – the economy received liquidity, there are no problems with cash,” he said.

At the same time, the minister stressed that bigger spending in January “in no way was linked with the presidential elections.” “It was a purely technical situation – we had no additional expenditures over the election situation, we have not included election initiatives to the budget,” he said. “It was because the budget financing has become more even – and this is good.”

 

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