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Russia’s budget deficit slips to 0.3% of GDP — PM

December 07, 13:19 UTC+3

In nine months, slightly more than $185 bln were spent, according to the premier

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MOSCOW, December 7. /TASS/. Russia’s budget deficit has dropped to 0.3% of GDP, Prime Minister Dmitry Medvedev said Thursday.

"In nine months, slightly more than 11 trillion rubles ($185 bln) were spent, expenditure execution is roughly in line with the average level of recent years, while budget deficit has dropped considerably," he said, adding that now Russia’s budget deficit "stands at around 220 bln rubles ($3.7 bln), or 0.3% of GDP."

"Overall the results (of nine months - TASS) are positive as GDP growth reached 1.6% in nine months," Medvedev said, adding that he considers "the main parameters of the budget system to be stable and balanced."

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