Russian Budget to Lack $94Bln in Next 3 Years - Ex-Minister | Business | RIA Novosti

Russian Budget to Lack $94Bln in Next 3 Years - Ex-Minister | Business | RIA Novosti:

"Russia’s ex-Finance Minister Alexei Kudrin said the country’s budget income is likely to be short of three trillion rubles ($94 billion) in the next three years due to the slowdown in the economy’s growth.
“The risk zone is over three trillion rubles taking three years [2014-2016] on the aggregate,” Kudrin, who attended the World Economic Forum in Moscow on Sunday, said.
The former finance minister also said that this year’s economic growth will be below the earlier forecasted 1.8 percent and will stand at 1.6 percent.
“Our growth potential for 2014 is around 2 percent, but may be even lower,” Kudrin said adding that in the next five years the annual economy’s growth will not be exceeding the mark of three percent."

'via Blog this'