Skip to content
Subscriber Only

Putin Sees Russian Budget Deficit at 0.7% of GDP in 2014

Russia will have no budget deficit this year and will see a shortfall equivalent to 0.7 percent of gross domestic product in 2014, Prime Minister Vladimir Putin said at a government meeting in Moscow today.

Revenue from outside the oil and gas industry will rise to 57 percent of the total in 2014 from 53 percent now, he said.