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Deputy Finance Minister warns of budget revenue shortfalls in 2014-2016

August 27, 2013, 12:29 UTC+3

The incomes may fall short of the target 197 billion rubles in 2014

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CHERYOMUSHKIN VILLAGE, Khakassia, August 27 (Itar-Tass) - Russia’s Deputy Finance Minister Andrei Ivanov has warned of the federal budget’s revenue shortfalls in three years to come.

Ivanov told a conference under the chairmanship of President Vladimir Putin on Tuesday that next year’s revenues of the federal budget may fall 197 billion rubles short of the target.

At the forthcoming conference on economic issues the Ministry of Finance will brief the head of state on the scenarios currently under consideration in greater detail.

“As far as the basic parameters of the federal budget’s parameters for 2014-2016 are concerned, the incomes may fall short of the target 197 billion rubles in 2014, 553 billion rubles in 2015, and 871 billion rubles in 2016,” Ivanov said.

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