Russia's budget deficit not to exceed 5 pct of GDP this year
2010-11-18 17:43:55
Russia's 2010 budget deficit will not exceed five percent of gross domestic product (GDP), Deputy Finance Minister Oksana Sergiyenko said on Thursday.
"If current oil prices are maintained, the 2010 budget deficit will not exceed five percent," she told an investment conference, adding that the government forecast 2010 GDP growth at about four percent and inflation at 7-8 percent, slightly higher than previously.