Russia
The budget deficit in 2010 will be 7.5% of GDP. As reported in the press service of the Russian government, reported by the Prime Minister of Russia Vladimir Putin at a meeting of the Russian government.
Regarding the deficit, which amounted in 2010, 3.2 trillion. rubles - is 7.5% of GDP. Of course, we can find the sources of its covering. But to say that this is the deficit limit, which we can afford without compromising macroeconomic stability , - Putin said.
He noted that it is assumed that the Russian budget revenues in 2010 amount to 6.6 trillion. rubles, expenses - 9.8 trillion. rubles.
Vladimir Putin said the government would seek additional revenue sources and intelligently build the sources cover the shortfall.
According to him, sharp cuts in budget spending will inevitably would entail a sharp decrease in the level of social support for citizens of Russia, the liquidation of anti-crisis measures and development programs. Moreover, the money may trigger a new spiral of decline in the economy, he added.
However, the budgetary expenditures for 2010 are to be regrouped. Many activities will have to cancel or defer to a later period, - said the Prime Minister of Russia, adding that all major priorities related to investments in human capital and innovative sectors of the economy, should be preserved.
According to him, more than 70% of budget expenditure in 2010 is a social one.
He stressed that the government must adhere strictly to the line to reduce the budget deficit in the years 2011-2012. Accordingly, try to arrive at the figures: 4.3% deficit in 2011 and 3% in 2012, - Putin said.
On Thursday, the external background has provoked in the Russian market «bychi» mood, a rebound in oil prices triggered buying from non-residents
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