Syrian government, opposition sit down at one table as Astana talks openWorld January 23, 11:53
Peace talks on Syria begin in AstanaWorld January 23, 10:48
Syrian opposition: Russia can significantly influence parties to Syrian conflictWorld January 23, 9:57
Japan to continue talks with Russia on joint economic activity on Kuril IslandsWorld January 23, 8:58
Kazakhstan's Foreign Ministry: Format of Astana talks on Syria still under discussionWorld January 23, 8:18
ARAF to check information from new ARD film on doping in Russian sportSport January 22, 22:47
All countries observe oil output cuts agreement — Russian energy ministerBusiness & Economy January 22, 16:59
Rogozin calls "dangerous incident" UK botched missile launchRussian Politics & Diplomacy January 22, 16:32
Medvedev calls United Russia ruling party, president's main resourceRussian Politics & Diplomacy January 22, 16:27
MOSCOW, July 6. /TASS/. Russia’s Finance Ministry does not surrender the objective to reach deficit-free budget within three years, Deputy Finance Minister Sergey Storchak said Wednesday.
"The target is there. It has been formulated by the president, head of the government to target gradual decrease of federal budget deficit within the three-year plan from 3% of GDP to 1% of GDP," he said, adding that "further on the plan is to reach deficit-free budget through budget consolidation."
For 2016 the budget deficit target is 3% of GDP though the authorities do not rule out it may rise to 3.3-3.4% of GDP. Earlier the Finance Ministry said it intended to focus its budget policy on decreasing Russia’s budget deficit by 1 percentage point each year and eventually reach deficit-free budget.