28 Jul 2010 21:21

Pension Fund deficit in 2013 will exceed 1.1 trillion rubles

MOSCOW. July 28 (Interfax) - The deficit of the Pension Fund in 2013 will exceed 1.1 trillion rubles, Russian Finance Minister Alexei Kudrin said on Wednesday.

"The deficit of the Pension Fund covered from the budget in 2011 will amount to 890 billion rubles even though insurance contributions are going to be raised. In 2012 the deficit will be 980 billion rubles and in 2013 1.109 trillion rubles," he told journalists at a briefing.