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Russia’s budget deficit totals 4.6% of GDP in first 5 months of 2016

byCT Report
15/06/2016
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MOSCOW: Russia’s federal budget deficit totaled 1.486 trillion rubles ($22.4 billion) in January-May 2016, or 4.6 percent of GDP, according to the Finance Ministry.

In May, the budget deficit stood at 350.36 billion rubles ($5.2 billion), or 5.5 percent of GDP, TASS reports. Budget expenditures amounted to $92.4 billion in the period, while revenues stood at $69.9 billion.

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