Ministry: Russian budget deficit at 2.6% of GDP in March

MOSCOW, Apr 13 (PRIME) -- Russia’s budget deficit amounted to 2.6% of gross domestic product, or 193.25 billion rubles, while primary deficit reached 1.8% of GDP or 132.3 billion rubles, the Finance Ministry said in a statement on Thursday citing preliminary results.

In January-March, budget deficit amounted to 1.4% of GDP, or 274.2 billion rubles, in January–March. Revenue amounted to 3.63 trillion rubles and spending stood at 3.907 trillion rubles.

Primary deficit amounted to 81.63 billion rubles, or 0.4% of GDP.

The Federal Tax Service contributed 2.382 trillion rubles to the budget in the period, the Federal Customs Service 1.029 billion rubles, and other authorities paid 221.15 billion rubles to the budget.

The ministry also adjusted the federal budget deficit estimate for February to 1.9% of GDP from 3%.

In 2016, the federal budget deficit amounted to 3.5% of GDP, or 2.97 trillion rubles.

(56.7556 rubles – U.S. $1)

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