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Russia’s 2015 Budget Deficit Totals $25 Billion

Russia’s 2015 sovereign bill necessity totaled 1.95 trillion rubles ($25 million), accounting for 2.6 percent of a country’s sum domestic product, a Finance Ministry pronounced in a matter Friday.

The 2015 incoming bill supports were 3 percent aloft than progressing projections and totaled 13.6 trillion rubles ($175 billion). Expenses reached 15.6 trillion rubles ($200 billion), surpassing a prior estimates by 1.2 percent, a matter said.

In 2016, Russia’s bill necessity is approaching to strech 1.5 trillion rubles ($19.2 billion) that will constitutes 3 percent of Russian GDP.

The bill projects a normal cost of oil in 2016 during $50 per barrel. On Thursday, a oil cost fell next $28 dollars per barrel.

Article source: http://www.themoscowtimes.com/article/556581.html