Diplomat says US sanctions may destroy prospects for better relations with RussiaRussian Politics & Diplomacy July 26, 10:08
Survey suggests Russians showed little interest in Nemtsov murder caseSociety & Culture July 26, 8:33
Military aviation deployed in Kazakhstan and Russia's Siberia ahead of Soyuz launchScience & Space July 26, 7:21
US denies arms supplies to Ukraine — State Department spokespersonWorld July 26, 7:12
UN Security Council blocks statement condemning attack on Russian embassy in DamascusWorld July 26, 4:27
Russia looks into its citizen’s removal from domestic US flightWorld July 26, 3:43
US House of Representatives passes bill to toughen sanctions on RussiaWorld July 26, 1:09
Diplomat blasts US media reports on Russia's alleged arms supplies to TalibanRussian Politics & Diplomacy July 25, 21:39
Putin, Iraqi vice-president discuss possible supplies of T-90 tanksMilitary & Defense July 25, 21:18
MOSCOW, May 22 (Itar-Tass) - Russia’s Finance Ministry may revise the 2014 budget deficit, as incomes may shrink by 650 billion rubles, Finance Minister Anton Siluanov told the media.
The Economic Development Ministry’s revised forecast, falling import and a firmer exchange rate of the ruble as compared with the previous forecast would cause budget incomes - both oil and gas revenues and other - go down by 650 billion rubles next year against the earlier approved three-year plan.
Siluanov explained this may affect the budget deficit.
“Even when incomes fall as compared with the approved three year plan, we cannot cut spending. It is a rule. What we can do is to reduce the conditionally approved spending to keep the budget in balance,” Siluanov said.
The conditionally approved spending stands at 350 billion rubles.