In November, the government adopted the budgets for 2010 and 2011-12. The deficit in the 2010 budget was fixed at 6.8% of GDP or 2.9trln rubles, which is expected to fall to 1.9trln rubles (4%) in 2011 and 1.6trln rubles (3%) by 2012.
The revenue in the 2010 budget stands at 6.95trln (16.1%), 7.46trln (15.5%) in 2011 and 8.70trln (15%) in 2012. Similarly, the total expenses for 2010 stand at 9.89trln (22.9%), 9.39trln (19.5%) in 2011 and 9.68trln (18%) in 2012.
Commenting on the adopted financial plans for 2010-12, Prime Minister Vladimir Putin called the deficits in the budgets the maximally levels. “If there is any necessity to change any of the parameters, this will be done not by inflating the budgets, but via redistribution of expenditures.”
Web design,