Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Russia lowers budget deficit target for 2012

France,Business/Economy, Wed, 25 Apr 2012 IANS

Moscow, April 25 (IANS) Russia's federal budget deficit is expected to shrink to 0.1 percent of its gross domestic product (GDP) in 2012, down from a previous forecast of 1.5 percent, the finance ministry said.


The state budget deficit will amount to 68.144 billion rubles ($2.311 billion) in 2012, or 0.1 percent of the GDP, the ministry said Tuesday.


The previous forecast had set the deficit to a target of 876. 589 billion rubles ($29.724 billion), or 1.5 percent of the GDP, Xinhua reported.


The ministry said that Russia's GDP in 2012 will reach 60.59 trillion rubles, increasing by about 3.2 percent when compared to an earlier estimate.


Prime Minister and President-elect Vladimir Putin has said that Russia aims to reach a zero deficit budget by 2015.


Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.