S-400 missile systems put on combat duty in northwestern RussiaMilitary & Defense December 08, 8:47
Japanese Foreign Ministry officially announced Putin's visit on December 15-16World December 08, 7:04
Putin to meet with head of Eurasian Economic CommissionRussian Politics & Diplomacy December 08, 6:22
Russian envoy says relations with NATO started deteriorating long before Ukrainian crisisRussian Politics & Diplomacy December 08, 4:55
Contact Group agrees to settle water cuts issue in Lugansk within 7 days ― OSCE envoyWorld December 08, 2:58
Glencore expects deal on purchasing stake in Rosneft to close in mid-DecemberBusiness & Economy December 08, 2:03
Italian Prime Minister Renzi officially resignsWorld December 08, 1:27
43 ceasefire violations reported in Syria in 24 hours ― Russian Defense MinistryWorld December 08, 1:16
One reconciliation agreement signed in Syria in 24 hours ― Russian Defense MinistryWorld December 08, 0:26
MOSCOW, December 23, 21:39 /ITAR-TASS/. Russia’s federal budget deficit may be at about 0.5-0.6 percent of the Gross Domestic Product (GDP) in 2013, Russian Finance Minister Anton Siluanov told reporters on Monday.
Proceeding from the Finance Ministry’s estimates, this year’s federal budget deficit will amount to 400 billion roubles, while revenues will make up 12.9 trillion roubles and expenditures - 13.3 trillion roubles (USD 1 = RUB 32.95).
“This year’s deficit is projected at 0.5-0.6 percent of the GDP,” Siluanov said, adding, “I am hopeful that it will be close to a half percent.”
According to the minister, this year’s petroleum deficit gains 10.2 percent of the GDP. In the future, the ministry hopes for the decrease of the indicator to 9.4 percent in 2014 and to 8.4 percent in 2016.
Moreover, the Finance Ministry plans “to return to the accumulation of money in the Reserve Fund” already in 2014, Siluanov said. The finance minister also pointed to the need of tougher budget discipline.