The budget deficit is equal to 2016 2.8-2.9% of GDP, while reducing expenses by 650 billion rubles the plan

20 October 2015, Tuesday
Russian federal budget deficit in 2016 could be at the level of 2.8-2.9% of GDP, subject to reduce costs by 650 billion rubles, compared with the plan for 2016 in the framework of the three-year 2015-2017, told the Finance Minister Anton Siluanov .

"We propose to leave the government expenditure in 2016 at the level of the current year, that is a negative 650 billion rubles in comparison with the planned level for 2016 in the three-year 2015-2017 year," - he said.
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