Russia's budget deficit amounts to $12 bln year to date

REUTERS

At the same time, oil and gas deficit amounted to 9.6% of GDP over a ten-month period.

"Revenues of the federal budget amounted to $177.8 billion over 10 months, or 19% of GDP (85.4% of the figure budgeted for the current year). Expenditures amounted to $189.8 billion, or 20.2% of GDP (77 1% of the planned annual expenditure level)," the report says.

Read alsoOECD downgrades its forecast for Russian struggling economyIt is noted that, according to the amendments to the budget law for the current year, the budget deficit at the end of 2015 will amount to 3% of GDP - the same level is planned in 2016.