The Ministry of Finance: budget deficit of the Russian Federation for January-November amounted to 896,6 billion rubles, or 1.3% of GDP

MOSCOW, December 11. The deficit of the Federal budget of the Russian Federation for January-February 2015 amounted to 896,6 billion rubles, or 1.3% of GDP. Such information contains in materials of the Ministry of Finance.

The Federal budget deficit increased in comparison with January-October, when it amounted to 707,058 billion rubles, or 1.2% of GDP. Expected results by 2015 the budget deficit will be at the level of 3% of GDP.

For 11 months of the current year to the Federal budget received 12,175 trillion rubles of revenue, representing 91.9 per cent of the annual plan.

Expenditures in January-November amounted to $ 13,071 trillion rubles, or 84,8% from the budget target.

Bulk of expenditure is traditionally on December, explained earlier, first Deputy Finance Minister Tatyana Nesterenko. In particular, in the last month of the year the budget has allocated a significant tranche for the payment of January pensions.