Ministry of Economic Development has given its assessment of the budget deficit.

KommentariiSamy cold mesyats20.02.2009Yanvar turned to the economy of the Russian Federation worst month for many of the federal budget deficit godyRealny Russia in 2009 will be less than eight per cent of GDP. This stated the Minister of Economic Development Elvira Nabiullina, RIA News. Nevertheless, given the kvazibyudzhetnyh costs (credits CBR) deficit of just eight per cent of GDP.
Earlier, the government has repeatedly stated that the budget deficit will be exactly equal to eight per cent of GDP. However, in early February, the Assistant President of Russia Arkady Dvorkovich said that this figure could reach 10 percent.
Recall that in the budget for 2009 recorded a budget surplus. However, the financial instrument make up even before the economic crisis in Russia, so in the autumn of 2008, the Ministry of Finance and the Ministry of Economic Development has formed a new budget. According to Nabiullina, this work may be completed as early as this week. Next week, the Ministry of Finance may make an updated budget to the government.
In February, officials have already shared a number of major budget projections. In particular, GDP in Russia in 2009 dropped to 2.2 per cent, while inflation stood at 13-14 per cent.
In 2009, the government also reported that there will be seriously adjusted expenditure budget, even though the country's income has declined significantly. Nevertheless, February 17, President Dmitry Medvedev instructed to prepare proposals to reduce the costs of his administration, calling for cost savings and other authorities.
The budget deficit Russia intends to absorb mostly from funds accumulated in the Reserve Fund and National Prosperity.