“… Did not rule out the budget deficit below 1% in 2018

– The budget deficit in 2018 with unchanged oil market will be negligible, the head of the Ministry Maxim Oreshkin.

“Here is really the story is that from the point of view of the budget situation will continue to improve. Maybe even next year, if the current oil prices, the budget deficit may be less than 1% of GDP,” the Minister said at a meeting with President Vladimir Putin in Sochi.

“That is, from this point of view, adaptation to the changes that have occurred, she and the public sector ends,” he added.

According to the draft budget for the next three years, the deficit in 2018 planned in the amount of 1.3% of GDP (1.27 trillion rubles).

This year’s Federal budget, according to the September Finance Ministry, can be executed with a deficit 2,287 trillion rubles, or 2.5% of GDP.

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