Russian Finance Ministry puts 3.66% budget deficit in 2016 draft

The Russian Finance Ministry has prepared a draft 2016 budget with a deficit amounting to 3.034 trillion rubles, or 3.66% of the gross domestic product (GDP). Nominal spending was increased by 304 billion rubles to 16.403 trillion rubles and revenue was cut by 370 billion rubles to 13.369 trillion rubles. The Finance Ministry worsened its […]

4 October , 2016Comments Off on Russian Finance Ministry puts 3.66% budget deficit in 2016 draftRead More