16.1 C
New York
Tuesday, May 17, 2022

Russian finance ministry expects budget surplus, not deficit, for 2018

Russian finance ministry expects budget surplus, not deficit, for 2018© Reuters. General view shows State Duma in Moscow

MOSCOW (Reuters) – The Russian Finance Ministry expects the budget for 2018 to run a surplus, not a deficit, for the first time since 2011 thanks to rising oil prices, a draft law on the budget showed late on Thursday.

It said the budget is expected to run a surplus of 440.6 billion rubles ($7.15 billion), or 0.45 percent of the gross domestic product.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles