Friday, June 17, 2016

Kudrin allows reducing the budget deficit in the current year – RIA Novosti

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PETERSBURG, June 16 – RIA Novosti Russian budget deficit in 2016 could be reduced to 3.3-3.5% of GDP at the expense of dividends.” Rosneftegas “and a number of other measures; in 2017 the budget deficit will amount to 4.5% of GDP, if not to reduce costs, said Chairman of the “Center for Strategic Research” Fund Board, ex-Finance Minister Alexei Kudrin said in an interview with RIA Novosti.

“This year, the budget deficit, as announced, is expected to 3.3% of GDP This is possible, 3.3-3.5% “, -. he told

Earlier, the head of the Foundation Board of the CSR was talking about the likelihood of achieving the RF budget deficit this year. around 5%. Responding to a question, he said: “Yes. Just I can explain this contradiction in this year’s budget deficit and the potential of its approximately 4.5%, as in the next and decrease to 3.3% will be carried out next steps… For example, revenues from the “Rosneft”, which should have come as the money from the privatization of such funds do not reduce the deficit will come through “Rosneftegas” as a dividend -. they will reduce the deficit will increase allocations from the Central Bank profits -. this is another measure “, – he explained he.

“We have the potential deficit – 4.5%, even with a possible increase of, if not cut spending in 2017. But already in 2018-2019, even 5% could be, if not to reduce costs.”, – Said Kudrin .

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