Russia may end up year with 0.3% budget surplus

Russia may end the year with a budget surplus of 0.3% GDP due to higher revenues and spending cuts, a deputy finance minister said on Tuesday.

“Under the budget plan, we have 0 but in reality it will be 0.3 [% GDP],” Tatiana Nesterenko said.

She said extra budget revenues would be 78-80 billion rubles ($2.5 billion) and spending cuts would bring another 50-60 billion rubles ($1.6-2 billion).


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