30 Sep 2022 14:31

Russia's budget deficit might exceed planned 0.9% of GDP in 2022 - Siluanov

MOSCOW. Sept 30 (Interfax) - Russia's federal budget deficit in 2022 might exceed the 0.9% of GDP that the Finance Ministry expected, Finance Minister Anton Siluanov said.

"The figure will probably increase, you're right. New challenges are arising this year," Siluanov said in an interview with Nailya Asker-Zade on the Vesti program on TV channel Rossiya 24, when asked if the deficit might exceed the forecast figure of 0.9% of GDP by the end of the year.

This deficit estimate for this year was made in materials for the draft federal budget for 2023-2025 that was submitted to the State Duma on September 28. The deficit is expected to grow to 2% of GDP in 2023, but then shrink to 1.4% in 2024 and 0.7% in 2025.