Deputy Governor of the Central Bank of Russia Alexei Zabotkin said that the Central Bank is not afraid of the current surplus of the Russian Federation’s budget deficit over the plan. Transmits words DEA News.
We are talking about redistribution of expenses throughout the year,” he said.
According to Zabotkin, the accumulated deviation of expenditures for the respective months from a stable average monthly norm was recorded annually as a percentage of the budget breakdown from the usual spending surplus applied in November-December.
“There is no room to question the spending parameters of the budget,” said the Central Bank Vice-President.
According to him, non-oil and natural gas revenues are above the budget plan, oil and natural gas revenues are compensated by the budget rule, which removes the fears of deficit.
Formerly at the National Rating Agency saw prerequisites for a decrease in Russia’s GDP at the end of the year.