Business ombudsman warns budget deficit can exceed 10% in 2020 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Business ombudsman warns budget deficit can exceed 10% in 2020

MOSCOW, Apr 8 (PRIME) Ц RussiaТs budget deficit can exceed 10% in 2020 if the oil prices remain at the current level, business ombudsman Boris Titov said at a press conference on Wednesday.

"The government understands, while assessing the budget, that even if it gives no aid to the companies, which are asking for it, it has a very serious negative gap in the budget. If the oil prices do not rise in a few days, we can already say that we will have a double-digit deficit in the budget by the end of the year, it will be above 10%," Titov said.

Titov also estimated a more than 10% reduction of the gross domestic product in March and probably, in 2020 at large.

End %%mk/jst%%

08.04.2020 13:52
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 80.4134 +0.0072 10 jul
USD 70.8800 -0.3579 10 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1234.42 -0.89 18:50 09 jul
micex 2782.43 -1.19 18:50 09 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 199.25 -0.95 23:14 10 jul
lkoh 5089.50 -6.73 23:14 10 jul
rosn 363.55 -0.71 23:11 10 jul
sber 209.20 -0.84 23:14 10 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 80.1125 -0.1575 14:59 09 jul
USDTD 71.2800 -0.0450 17:44 09 jul