US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
KAZAN, September 17 (Itar-Tass) - Around 900 billion rubles will be allocated to cover Russia’s budget deficit in 2013, Deputy Finance Minister Tatyana Nesterenko told reporters on Tuesday.
“We will cover the budget deficit through oil and gas revenues that we get in excess of the plan. We will not increase revenue items related to domestic loans and privatization,” she said adding that the federal budget was planned taking an average oil price of $100 per barrel, while now it totalled $107 per barrel. “These extra oil and gas revenues will not go to the Reserve Fund.”
“The Finance Ministry is drafting amendments to the budget and next week we plan to submit them to the government,” Nesterenko said. “We will ask legislators to make it possible for us to take money from the Reserve Fund, if our oil and gas revenues worsen.”
In 2014 the conditionally approved expenditures would be cut by 355 billion rubles and in 2015 - by 400 billion rubles, the deputy minister said.