Russian budget deficit revised lowerStaff Writer | September 29, 2017
With oil prices holding steadily above $50 per barrel, the Russian government said it revised its estimate for the budget deficit lower by 5 percent.
Russia Revenues by 2020 should be $281.5 billion
That's lower than the previous estimate of $23.07 billion for next year.
By 2019, data show an estimated budget deficit of $14.2 billion and $15 billion in 2020.
Both figures are lower than previous estimates by 5.5 percent and 10 percent, respectively.
Revenues by 2020, meanwhile, should be $281.5 billion, 4.4 percent higher than the previous forecast. ■