The Ministry of Finance revised the forecast on Russia's federal budget deficit

5 September 2012, Wednesday

The Ministry of Finance revised its outlook on Russia's federal budget deficit in 2012 to 0.2-0.3% of GDP approved by 0.1% of GDP, according to Anton Siluanov, the head of the Ministry.
" We see a fairly stable revenue in today's estimate of 109-110 dollars per barrel (the average price of Urals oil - Ed.), and according to our forecasts, we estimate this year's deficit at 0.2-0.3% of GDP "- the Minister said.

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