The Finance Ministry expects in 2016 the budget deficit in the amount of 3.9% of GDP

MOSCOW, 28 Oct — RIA Novosti/Prime. The Finance Ministry has lowered expectations the Federal budget deficit in 2016 to 3.9% of GDP from 3.5% previously, according to the materials to the draft budget for 2017-2019 made on Friday in the state Duma.

According to the assessment of expected execution of the Federal budget for the year 2016, its revenue will amount 13,369 trillion rubles (16.1% of GDP), expenses — 16,633 trillion rubles (20.1% of GDP). Thus, the deficit is expected to reach 3,265 trillion rubles, or 3.9% of GDP.