The deficit of the RF Federal budget in January-November amounted to 957,389 billion

The deficit of the RF Federal budget in January-November amounted to 957,389 billion


MOSCOW, December 10. The deficit of the RF Federal budget in January-November amounted to 957,389 billion compared to a surplus in 2014.

Such information contains in materials of the Treasury.

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On 7 December it was reported that the deficit of the RF consolidated budget over 10 months amounted to 589,774 billion. Consolidated budget revenues in January-October amounted to 21 trillion 911,06 billion rubles, expenses – 22 trillion 500,83 billion rubles.

In November, the Finance Ministry spent part of the funds of the Reserve Fund in the amount of $2,39 billion, €2,22 billion and £0.35 billion (equivalent to 350 billion roubles) to Finance the Federal budget deficit.

The Agency anticipates that the Reserve Fund at the beginning of next year will be to 3.38 trillion rubles. Total for the current year the Finance Ministry expects to allocate 2.6 trillion rubles from the Reserve Fund to Finance the deficit. In the first 10 months was spent 1.6 trillion rubles, taking into account the November data – 1,95 trillion.

On the Federal budget for 2016

The day before, on 9 December, the Federation Council approved the law on the Federal budget for 2016. Voted 151 Senator, against – 1.

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Thus, the budget for 2016 is laid out with revenues of $ 13,738 trillion (17.5 percent of GDP), expenditure – 16,099 trillion rubles (20.5% of GDP). The budget deficit will reach 2.36 trillion, or 3% of GDP. The budget is based on the inflation rate not exceeding 6.4 per cent (December 2016 to December 2015).

The GDP is expected to be $ 78 trillion 673 billion. The normative size of the Reserve Fund is planned in the amount of 5 trillion 507 billion.

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