Russia may reach the non-deficit budget in 2014 if oil prices remain high - about $ 100 a barrel, said Deputy Prime Minister and Finance Minister Alexei Kudrin.
Russia's budget deficit in 2010 amounted to 1.795 trillion rubles, which corresponds to 3.9% of GDP.The budget deficit in 2011 is expected to be 1.814 trillion rubles (3.6% of GDP), in 2012 - 1.734 trillion rubles (3.1% of GDP), in 2013 - 1.795 trillion rubles (2.9% of GDP). According to the January forecast of IMF, Russia's budget deficit this year could reach 2.9% of GDP.
Russia may reach non-deficit budget in 2014
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