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Russia's Putin sees risk of budget deficit exceeding 3.7 percent of GDP


MOSCOW Russian President Vladimir Putin said on Friday there was a risk this year’s federal budget deficit could slightly exceed 3.7 percent of gross domestic product.

Putin told a meeting with government officials on the economy that it would not be a disaster if the deficit were to hit 3.8-3.9 percent of GDP, but that Russia should aim for a level of 3.7 percent of GDP.


(Reporting by Darya Korsunskaya; Writing by Alexander Winning; Editing by Andrew Osborn)

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Reuters