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Russian Finance Minister sees 2016 budget deficit at 3 percent with oil at $40 per barrel

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Lobo
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Russian Finance Minister sees 2016 budget deficit at 3 percent with oil at $40 per barrel

Post by Lobo on Tue 17 May 2016, 3:59 pm

Russian Finance Minister sees 2016 budget deficit at 3 percent with oil at $40 per barrel




Russian Finance Minister Anton Siluanov attends a session of the Gaidar Forum 2016 'Russia and the World: Looking to the Future' in Moscow, Russia, January 13, 2016.
Reuters/Maxim Shemetov


Russian Finance Minister Anton Siluanov said on Tuesday that the budget deficit this year was expected to comprise 3 percent of gross domestic product with oil prices at $40 per barrel, and it was unlikely that crude could become more expensive.

He also told Rossiya-24 TV station in an interview that he did not expect the rouble to be more volatile compared to its current levels.

http://www.reuters.com/article/us-russia-siluanov-idUSKCN0Y80PC?il=0

    Current date/time is Fri 09 Dec 2016, 7:33 am