Egypt to receive 15 Russian 'Alligator' helicopters in 2017Military & Defense August 22, 19:57
Christophe de Margerie LNG tanker covers Northern Sea Route in record 6.5 daysBusiness & Economy August 22, 19:32
Kirill Serebrennikov dismisses fraud accusations as absurdSociety & Culture August 22, 19:18
From climate to transport: Arctic projects of Russian and Japanese scientistsBusiness & Economy August 22, 19:10
Trump’s Afghan strategy implies attempts to address issues by military means — analystWorld August 22, 19:00
Russian defense chief tests new neural network-based combat moduleMilitary & Defense August 22, 18:41
Poroshenko seeks to discuss alleged nuclear missile supplies to North Korea in UNWorld August 22, 18:31
Blockchain technology may be introduced in Russia’s armed forcesMilitary & Defense August 22, 18:20
US extends sanctions against North KoreaWorld August 22, 18:00
MOSCOW, December 8. /TASS/. Deficit of the Russian federal budget is expected to be 3.7% of GDP this year, Finance Minister Anton Siluanov said on Thursday in an interview with Rossiya 24 TV Channel. Budget revenues from privatization of government assets will make possible to reduce and optimize spending of government reserves, the Minister said.
"Revenues from privatization and budget financing sources we will receive gave us an opportunity in conditions of fairly high budget deficit this year - 3.7% of GDP - to reduce and optimize spending of government reserves and minimize borrowing on the financial market," Siluanov said.
At the same time, budget revenues from sales of government assets will amount to 1.1 trillion rubles ($17.4 bln) this year, Siluanov said.
"Total earnings and revenues the budget will receive from sale of government assets will be about 1.1 trillion rubles ($17.4 bln). No such huge receipts where in recent dozens of years," the Minister said.
Russia’s consolidated budget deficit rose 1.7 times in January - October 2016 to 1 trillion rubles ($15.8 bln), the Federal Treasury said earlier on Wednesday.