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Federal budget in 2012 to be executed with 0.07% deficit.

October 23, 2012, 14:18 UTC+3

"It can be considered that the budget will be executed without deficit", said Finance Minister Anton Siluanov

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GORKI, October 23 (Itar-Tass) — The federal budget in 2012 will be executed with a 0.07% deficit, Russian Finance Minister Anton Siluanov told reporters upon the results of a meeting at Prime Minister Dmitry Medvedev to draft a budget for 2012-2014.

“With due account of additional revenues, the federal budget deficit will make 0.07%. It can be considered that the budget will be executed without deficit,” Siluanov underlined.

Speaking on the distribution of additional revenues Siluanov noted that these funds will be primarily allocated for the support of the infrastructure and investment development in Russia and the regions in the country. The minister added that 62 billion roubles are planned to allocate to replenish the Russian fund of direct investments. About 25 billion roubles, which were allocated in this fund, were invested in the regions in the Far East. Meanwhile, for the support of Russian regions, which were affected from the drought this year, about six billion roubles will be allocated and 9.5 billion roubles will be allocated for the subsidies to make the budget balanced.

Considerable funds of about 25 billion roubles will be allocated for the development of the Moscow transport hub, Siluanov noted. These funds will be allocated for the construction of the road network and the support for the railway communications.



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