Russia’s budget deficit exceeded one trillion rubles – BFM.Ru

In the past year the budget at the end of the same period recorded a surplus

The federal budget deficit by 24 March amounted to 1.2 trillion rubles. This was stated by Chairman of the Accounts Chamber Tatyana Golikova, reports Tass. For comparison, last year’s budget at the end of the same period recorded a surplus. Golikova said that the emergence of the deficit is due to a decrease in revenue due to lower oil prices. See also: The budget deficit in January amounted to 277 billion rubles She added that all the estimates of income will nevertheless for the first quarter exceeded.

Golikova also noted that for the first time in a long time budget for the first quarter filled with 25 per cent of expenditure on painting. This is 27 percent higher than last goda.Ranee Finance Minister Anton Siluanov said that the Russian budget revenues since the beginning of 2015 decreased by 12 percent. He also said that in 2015 the National Welfare Fund to cover the deficit will not be used.

March 16 the Ministry of Finance submitted to the State Duma amendments to the budget in 2015. Government revenues amount to 12.54 trillion rubles, expenses – 15.22 trillion. The deficit reaches 2.68 trillion rubles, or 3.7 percent of GDP.