Finance Ministry sees Jan-Nov budget deficit at 505.5 bln rbl

MOSCOW, Dec 12 (PRIME) -- Russia’s budget deficit amounted to 505.5 billion rubles in January-November, the Finance Ministry said on Tuesday.

Budget revenue stood at 13.412 trillion rubles in the period, including 8.078 trillion rubles of non-hydrocarbon and 5.335 rubles of hydrocarbon revenue. Spending amounted to 13.918 trillion rubles.

The ministry has also revised down its assessment of the January-October deficit to 261.4 billion rubles and of the January-September deficit to 227.2 billion rubles.

The Finance Ministry expects the 2017 budget deficit at 1.8-1.9% of gross domestic product (GDP), while the current budget law envisages it at below 2.2% of GDP, or around 2 trillion rubles.

(59.2348 rubles – U.S. $1)

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