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Article: Daily Headline News for Sep 9, 2009.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- September 9, 2009
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Daily Headline News for Sep 9, 2009
Digest of headline news as of 3:35 p.m. Moscow time on Sep 9: BUSINESS & FINANCE *** BUDGET DEFICIT FORECAST FOR 2010 LOWERED TO 6.8% OF GDP FROM 7.5% - KUDRIN
Federal budget revenue in 2010 will be 303.5 billion rubles higher than previously planned, reducing the projected budget surplus to 6.8% of GDP from 7.5% previously, Deputy Prime Minister and Finance Minister Alexei Kudrin said.
"That revenue will not be allocated to spending. It will be used to reduce the deficit, The deficit next year might amount to about 6.8% of GDP," Kudrin told journalists following a session with the prime minister on ...