Russia completes H1 with 889.3 billion rubles deficit

Russia completes H1 with 889.3 billion rubles deficit

Russian federal budget deficit for H1 is 889.3 billion rubles, Russian Deputy Finance Minister Tatyana Nesterenko said.

In January-May, this figure was 1.05 trillion rubles, or 3.7% of GDP. The income fell by 7% in comparison with the same period last year. "Expenses for the first half of the decade are close to 50% of the overall cost of the federal budget," Interfax cited Nesterenko as saying.

According to her, the Ministry of Finance is expecting federal budget deficit in 2015 at 3% of GDP.

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