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11:10, 10-Oct-2017
Russia's budget deficit slashed in 9 months
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Russia slashed its budget deficit in the period January to September by over 16 percent compared to the same period last year, the Russian Federal Treasury said on Monday.
The budget revenue as of October 1 totaled 10.97 trillion rubles (187.86 billion US dollars) and budget expenditure was 11.238 trillion rubles (192.45 billion US dollars).
The largest expenditure was made in the areas of social policy, national defense and the economy.
The budget deficit – 268.13 billion rubles (4.59 billion US dollars) – was nearly one sixth of that in the same period last year.
The deficit in the same period last year was 1.58 trillion rubles (27.07 billion US dollars).
Last month, Russian Prime Minister Dmitry Medvedev said the budget deficit in the first half of 2017 had been reduced to one percent of Russia's gross domestic product, amounting to 400 billion rubles (6.94 billion US dollars).
Source(s): Xinhua News Agency