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Budget deficit of 1 percent of GDP after 2019 acceptable: Russian Finance Minister
October 10, 2016 / 9:41 AM / a year ago

Budget deficit of 1 percent of GDP after 2019 acceptable: Russian Finance Minister

MOSCOW (Reuters) - If Russia’s budget deficit is at 1 percent of gross domestic product after 2019 that would be acceptable, Finance Minister Anton Siluanov said on Monday.

Russian Finance Minister Anton Siluanov speaks during a news conference in Moscow, Russia September 12, 2016. REUTERS/Maxim Zmeyev

Earlier, the finance ministry had said it wanted to reduce the budget deficit to zero within a few years.

Reporting by Darya Korsunskaya; Writing by Lidia Kelly and Alexander Winning

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