Finance Ministry is not expecting reduction of the budget deficit in the Russian regions

26 March 2014, Wednesday
The Finance Ministry sees no prerequisites to reduce budget deficits of Russian regions in the coming years, said the head of the Ministry Anton Siluanov during the scientific-practical conference "Fiscal Federalism: Results and Prospects" in the Federation Council. 

According to him, in 2013 the deficit of regional budgets in Russia reached a record level of 642 billion rubles, while in previous years the figure was 50-100 billion rubles.
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