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Russian Finance Ministry still expects budget deficit at 1.7% of GDP in 2024

Deputy Finance Minister Vladimir Kolychev said that the key parameter in the budget policy is the budget balance and the ceiling of the state debt of 20% of GDP

MOSCOW, November 19. /TASS/. Russia’s Finance Ministry expects federal budget to be executed with a deficit of 1.7% of GDP this year, Deputy Finance Minister Vladimir Kolychev told reporters.

"All will remain at 1.7%," he said when asked a respective question.

The key parameter in the budget policy is the budget balance and the ceiling of the state debt of 20% of GDP, Kolychev added.