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Russian government approves 2015-2017 budget draft

In 2015 the budget deficit will reach 0.6% of gross domestic product

Russia's Finance Minister Anton Siluanov ITAR-TASS/Dmitry Astakhov

Russia's Finance Minister Anton Siluanov

© ITAR-TASS/Dmitry Astakhov

MOSCOW, September 18. /ITAR-TASS/. The Russian government has approved a federal budget draft for 2015-2017, Finance Minister Anton Siluanov told reporters Thursday.

Under the draft, in 2015, budget revenue will stand at 15.082 trillion rubles, spending at 15.513 trillion rubles ($389 bln) and deficit will reach 0.6% of gross domestic product (GDP). In 2016, revenue will amount to 15.72 trillion rubles ($406 bln.), spending to 16.20 trillion rubles ($418 bln.), and deficit will remain at 0.6% of GDP. In 2017, revenue will amount to 16.44 trillion rubles ($424 bln.) and spending to 16.98 trillion rubles ($438 bln.).

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