The budget deficit of Russia for January-October amounted to 1.3% of GDP

The budget deficit of Russia for January-October amounted to 1.3% of GDP


Federal budget revenues for the first ten months amounted to 11 trillion 323,2 billion rubles, or 19% of GDP. While oil and gas deficit amounted to over ten months of 9.6% of GDP.

MOSCOW, 9 Nov. The Federal budget deficit for January-October 2015, according to preliminary estimates of the Ministry of Finance, amounted to 768,4 billion rubles, or 1.3% of GDP, told reporters on Monday the first Deputy Minister of Finance Tatyana Nesterenko.

While oil and gas deficit amounted to over ten months of 9.6% of GDP.

Federal budget revenues for the first ten months amounted to 11 trillion 323,2 billion rubles, or 19% of GDP (85,4% of the figure budgeted for the current year). The expenditures amounted to $ 12 trillion to 91.6 billion, or 20.2% of GDP (77,1% of the planned annual level of expenditure).

According to the amendments to the law on the budget for the current year, the budget deficit by the end of 2015 will amount to 3% of GDP. Next year it is planned at the same level.