The budget deficit in January-September amounted to 786,7 billion

The budget deficit in January-September amounted to 786,7 billion


In accordance with the draft law of the Ministry of Finance, the budget deficit in 2015 should be reduced to 3% from the earlier anticipated 3.7% of GDP, and the deficit in 2016 will be the same 3% of GDP.

MOSCOW, 12 Oct. The deficit of the RF Federal budget in January-September 2015 $ 786,7 billion compared to a surplus for the same period in 2014 at USD 1,112 billion rubles, follows from the Federal Treasury.

The revenues of the Federal budget on October 1 amounted to $ 10,143 trillion rubles, expenses — 10,930 trillion rubles, said the Treasury.

The domestic financing of the budget deficit for January-September amounted to 1,502 trillion rubles, foreign — 267,521 billion rubles, which is more similar indicators 2014 333,446 and 153,535 billion rubles, respectively.

As proposed in September by the Ministry of Finance of the Russian Federation the draft law, the budget deficit in 2015 should be reduced to 3% (2,199 trillion) from a previously projected 3.7% of GDP (2,675 trillion roubles).

Also, according to the draft budget approved in early October by the government, the deficit in 2016 will be the same 3% of GDP (2,36 trillion rubles). The Minister of Finance of the Russian Federation Anton Siluanov said that the shortfall then needs to be reduced by 1 percentage point annually, so that after 2018 to reach a deficit-free budget.