28 Oct 2011 15:21

Share of govt expenditures in GDP is cause for reflection - Medvedev

MOSCOW. Oct 28 (Interfax) - Information on the share of the Russian government's expenditures in GDP is cause for reflection, President Dmitry Medvedev said at an International Advisory Board meeting on the creation of an international financial center in Russia.

"I have already benefited from this meeting: I did not know the fact that our share of government expenditures is around 40% of GDP, that it is the highest figure among BRIC [British, Russia, India, China] countries - almost two times higher than in China," Medvedev said, commenting on CEO of Blackstone Group Stephen Schwarzman's presentation at the meeting.

Medvedev said that "if it is really like this, it is, of course, a reason to think, because I did not have such a statistic."