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Russia's budget deficit to decrease to 2.9% of GDP by 2013 - minister

Russian Finance Minister Alexei Kudrin

22:25 28/07/2010

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Russia: Key economic indices, 2009-2010

Russia's federal budget deficit will drop from 3.6% of GDP in 2011 to 3.1% of GDP in 2012 and to 2.9% of GDP in 2013, Russian Finance Minister Alexei Kudrin said on Wednesday.

The 2010 budget deficit will amount to 5% of GDP, he said. Earlier estimates put the figure at 5.4% of GDP.

Russia's government debt will rise to 16.3% of GDP by the end of 2013, he added.

MOSCOW, July 28 (RIA Novosti)

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20100728/159986110.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20100728/159986110.html"><img src="http://en.rian.ru/images/15998/61/159986140.jpg" width="120" height="83" border="0" alt="Russian Finance Minister Alexei Kudrin" style="float:right;padding:0px 15px 5px 0px;" /></a><a target="_blank" href="http://en.rian.ru/business/20100728/159986110.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Russia's budget deficit to decrease to 2.9% of GDP by 2013 - minister</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 153px 0px 0;"><span style="color:#5590bf;">22:25</span> <span style="color:#5590bf; padding-right:7px;">28/07/2010</span> <span style="font-size:12px;">Russia's federal budget deficit will drop from 3.6% of GDP in 2011 to 3.1% of GDP in 2012 and to 2.9% of GDP in 2013, Russian Finance Minister Alexei Kudrin said on Wednesday.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20100728/159986110.html" title="Russia's budget deficit to decrease to 2.9% of GDP by 2013 - minister">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

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Russia's budget deficit to decrease to 2.9% of GDP by 2013 - minister

22:25 28/07/2010 Russia's federal budget deficit will drop from 3.6% of GDP in 2011 to 3.1% of GDP in 2012 and to 2.9% of GDP in 2013, Russian Finance Minister Alexei Kudrin said on Wednesday.>>

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