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Russian budget deficit revised lower

Staff Writer |
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.

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Government figures, cited by Russian news agency Tass, show a forecast for the 2018 federal budget deficit at $21.9 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.


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