Russia’s budget had a deficit of 1.7 trillion rubles in 9 months

According to data published by the Ministry of Finance of Russia, the country’s budget revenues amounted to 19.7 trillion rubles in 9 months.

During the mentioned period, budget expenditures amounted to 21.4 trillion rubles, while the budget had a deficit of 1.7 trillion rubles.

Russia’s budget had a deficit of 1.7 trillion rubles (approximately $16.9 billion) in the first nine months of the year.

OIL AND NATURAL GAS REVENUES DECLINED BY 34.5 PERCENT

While the country’s oil and natural gas revenues decreased by 34.5 percent to 5.5 trillion rubles in the nine months of the year compared to the same period of the previous year, non-oil and natural gas revenues increased 26 percent to 14.2 billion rubles.

Russian President Vladimir Putin said yesterday that his country’s budget will have a deficit of 1 percent of gross domestic product (GDP) this year. (AA)