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

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

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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Israel destroys no more than 20% of Hamas's fighting capacity — top political official

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Belarusian KGB reports thwarting attempted drone strikes on Minsk from Lithuania

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Ukrainian forces refuse to obey Commander-in-Chief Syrsky — CIA ex-analyst

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Kiev violates diplomatic relations convention by recruiting mercenaries abroad — diplomat

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Russian Embassy to Austria denied participation in ceremony at Nazi concentration camp

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Russian troops wipe out Ukrainian UAV production workshop over past day

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Russian defense minister dismisses his deputy Ivanov

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US stops hiding true purpose of sanctions on Moscow, Russian envoy says

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