Putin signs law on ratification of Russia air force grouping in SyriaRussian Politics & Diplomacy July 27, 9:49
Moscow clarifies its stance on new anti-Russian sanctions to BrusselsRussian Politics & Diplomacy July 27, 9:35
Russia’s Defense Ministry launches Chinese and Arabic versions of 2017 Army Games websiteMilitary & Defense July 27, 8:55
Finland succeeds in building prosperous state for 100 years of independence — presidentWorld July 27, 8:27
Russian expedition recovers unique naval gun from Kerch StraitSociety & Culture July 27, 8:18
Brussels likely to declare US anti-Russian sanctions invalid, Moscow's EU envoy saysRussian Politics & Diplomacy July 27, 3:41
Russian PM calls situation around Saakashvili's citizenship a weird tragicomedyRussian Politics & Diplomacy July 27, 3:36
Russian Ice Hockey Federation to wage ruthless war on doping abuseSport July 26, 19:53
Two Siberian residents jailed for killing three zoo birds in failed barbeque attemptSociety & Culture July 26, 18:43
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.