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ST. PETERSBURG, June 23 (Itar-Tass) —— This year’s federal budget deficit may be at about 1.5 percent, Russian Finance Minister Anton Siluanov told reporters on Saturday.
“It’s hardly possible to achieve a deficit-free budget this year. In particular, it was planned that the Reserve Fund will go up by more than 800 billion roubles [USD 1 = RUB 33.51]. But most probably this will be impossible against the background of the decline of oil prices,” the minister explained.
“Based on this, the budget deficit will exceed the forecasted indicator, which was established at 0.1 percent of the Gross Domestic Product, but will be at about 1.5 percent,” Siluanov said.