19 Nov 2010 10:42

Russia's budget deficit to come to around 4.6% of GDP for 2010 - Kudrin

MOSCOW. Nov 19 (Interfax) - Russia's budget deficit for 2010 will come to around 4.6% of the country's GDP, Deputy Prime Minsiter and Finance Minister Alexei Kudrin said at a tax conference in Moscow on Friday.

"Our deficit this year will come to around 4.6% of GDP, a bit less than we initially supposed. Nonetheless we will have to reduce it in the coming years. For such favorable prices, around $75-$77 per barrel [of oil], which will be the average this year, we need to reach a deficit of zero by 2015," Kudrin stressed.