Ministry of Finance of the Russian Federation
Ministry of Finance of the Russian Federation
23.05.2011

Statements of Deputy Head of the Government of the Russian Federation – Finance Minister of the Russian Federation A. Kudrin

 

Kudrin: Sees 2011 Budget Deficit 1% - 1.4% Of GDP -Report

MOSCOW (Dow Jones)--Russian Finance Ministry sees the country's 2011 budget deficit at between 1% and 1.4% of gross domestic product, minister Alexei Kudrin told the country's President Dmitry Medvedev Monday, Interfax reported.

He added that the deficit may be even lower should oil price be above $105 per barrel.

Higher oil and gas prices enabled Russia to aim at budget deficit reduction below the earlier target of 3.6% of the GDP.