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 Russian budget deficit will reach 2 trillion rubles next year - Minister of Economic Development

The Russian Federation federal budget deficit could reach 2 trillion rubles in 2015 at oil price of $60 per barrel.

This was stated by Minister of Economic Development Alexei Ulyukayev, Censor.NET informs citing RIA Novosti.

"From my point of view, the fiscal gap that arises is about 2 trillion rubles," Ulyukayev said, responding to a question about the budget deficit forecast in 2015.

Read also: Brent crude falls to $60.15 a barrel

He said that such a calculation would be true at the target oil price of $60 per barrel.

"The income gap is approximately one and a half trillion rubles. About 400-500 billion would also cover the additional costs associated with indexation (of pensions and social benefits - Ed.) first of all," the minister said.

 
 
 
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