logo
Share SHARE
FONT-SIZE Plus   Neg

Russia's Q1 Budget Deficit Narrows

Russia's budget gap decreased in the first quarter as higher oil prices underpinned revenues, the Finance Ministry said Friday.

The budget deficit dropped to RUB 121.3 billion, or 0.9 percent of gross domestic product in the first quarter. The government sees 2012 deficit at 1.5 percent of GDP.

In the first quarter, revenues totaled RUB 2.9 trillion and spending at RUB 3.1 trillion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

comments powered by Disqus
Follow RTT