Moody’s warned about the threat of the budget deficit to 4.7% in 2016

The Federal budget deficit in 2016 could be up to 4.7% of GDP in the case to privatize “Rosneft” to the end of the year will fail. About it journalists were told by the analyst of rating Agency Moody’s Kristin Lindow.

If the privatization of the company will occur this year, the Federal budget deficit, according to the forecast Moody’s, will amount to 3.7–3.8% of GDP. In case, if the privatization will take the next year, he will reach 4.5–4.7% of GDP, predicts it.

The Agency’s expectations differ from the forecast of the Ministry of Finance. The Agency expects a deficit of 3.9% in 2016.

Deputy Finance Minister Tatyana Nesterenko, speaking in the state Duma last week, was asked to give the Ministry the opportunity to spend this year 1 trillion rubles from the reserve Fund, wrote “Vedomosti”. The reason is that the money from the sale of “Rosneft” can enter only in January, she explained.