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Russia’s budget deficit amounts to 3.56% of GDP in 2016

In late 2016, Finance Minister Anton Siluanov did not rule out that Russia’s budget deficit could be lower than 3.7% of GDP

MOSCOW, January 12. /TASS/. The deficit of Russia’s budget in 2016 amounted to 3.56% of GDP, Finance Minister Anton Siluanov told reporters on the sidelines of the Gaidar Forum.

"3.56%," he said.

In late 2016, Siluanov did not rule out that Russia’s budget deficit could be lower than 3.7% of GDP.

In October 2016, the Finance Ministry downgraded its forecast on Russia’s budget deficit in 2016 to 3.7% from 3.5% of GDP.

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