The Central Bank gave its forecast for the budget deficit in Russia.

KommentariiSploshnoy minus22.01.2009Stali known MEDT major forecasts for 2009 budget godDefitsit Russia in 2009 will exceed 3 trillion rubles if the price of oil was 41 dollars per barrel, said first deputy chairman of the Central Bank of Russia Alexey Ulyukaev in an interview with the magazine Itogi. The Ministry of Finance, if the price of oil in 2009 would be 32 dollars per barrel, the budget deficit could reach 4 trillion rubles.
In late 2008 the Ministry of Finance of Russia has announced that in 2009 Russia's budget deficit could reach five percent of GDP. In addition, the Ministry of Economic Development estimates the figure could be three to six per cent of GDP. In total, according to preliminary projection agency budget nedoschitaetsya 32 percent of revenue, or 3.5 trillion rubles. These calculations were made based on the price of oil to 50 dollars per barrel.
It should be noted that these forecasts are based on the optimistic scenario. Now the Ministry of Economic Development is preparing a forecast based on the cost of oil at 41 dollars per barrel.
January 20, 2009 Ministry of Finance announced that in December last year, Russia's primary budget deficit amounted to 805 billion rubles, or 20.4 percent of the monthly GDP. At the end of November 2008 also recorded a budget deficit, amounting to 270 billion rubles. In general, the year the federal budget revenue exceeded expenditure by 1.7 trillion rubles. In general, the year the government received 9.26 trillion rubles, and spent 7.56 trillion rubles.