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Russia's year-end budget deficit may reach 0,7% GDP

September 18, 2013, 15:45 UTC+3
The documents say that in 2014, the federal budget deficit could reach 0.5% of GDP
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MOSCOW, September 18 (Itar-Tass) - Russia’s budget deficit by the end of 2013 could reach 0.7% of GDP, or 489.2 billion rubles, according to the materials of the Ministry of Finance for the meeting of the Russian tripartite commission on the regulation of social and labor relations.

The documents say that in 2014, the federal budget deficit could reach 0.5% of GDP, or 373.1 billion rubles. In 2015, this figure is projected in the amount of 1% of GDP (826.3 billion rubles). And the 2016 budget deficit could reach 485.7 billion rubles, or 0.6% of GDP.

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