According to preliminary Ministry of Finance estimates, the budget deficit from January to November 2017 decreased 3.6 times compared to the corresponding period of the previous year.

Inflation in Russia in 2017 will stand at 2.5-2.6 percent, announced Finance Minister Anton Siluanov in an interview aired on television channel Russia 24 on December 25, 2017.

“This year we see a decline in inflation, such that it will be at 2.5 to 2.6 percent for the year This is a historic low,” he said. “In the future, the expected level of inflation is four percent,” the Minister said.

According to preliminary estimates of the Finance Ministry, Russia’s budgetary deficit decreased 3.6 times from January to November 2017 compared to the corresponding period of the previous year, amounting to 532.4 billion rubles, or 0.7 percent of the GDP. Previously, Finance Minister Anton Siluanov reported that the budgetary deficit in 2017 will not exceed two percent of the GDP.