WWII Berlin offensive operation staged in MoscowSociety & Culture April 24, 12:37
Moscow interested in restoring ties with EURussian Politics & Diplomacy April 24, 11:51
Russia ready to build up friendly relations with France — KremlinRussian Politics & Diplomacy April 24, 11:47
Poll shows most Russians support cancellation of Eurovision broadcastSociety & Culture April 24, 11:32
Erdogan hopes to discuss contract on S-400 missile systems with PutinMilitary & Defense April 24, 11:04
Lugansk Republic hands over body of observer killed in land mine blast to OSCEWorld April 24, 9:39
How Arctic residents adapt to global warmingScience & Space April 24, 9:32
Price tag to reconstruct two Arctic airports nearly $5 mlnBusiness & Economy April 24, 8:54
Emmanuel Macron and Marine Le Pen to face each other in runoffWorld April 24, 8:13
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.