At the end of 2012, the federal budgetary deficit could reach 0.25 percent of GDP. Measured against non-oil revenues, the shortfall will be 10.6 percent of GDP. This estimate of the expected execution of the Russian budget is contained in the materials of the Ministry of Finance published for the conference on the results of the implementation of the budget in the current year and the specifics of budgetary execution for 2013-2015.

According to the estimates of the Finance Ministry, revenues this year will amount to 12.807 trillion roubles, or 20.9 percent of GDP, which is 107.1 billion roubles less than the adjusted budgetary target of 12.914 trillion roubles, or 21.1 percent of GDP. Costs, however, will be slightly lower at 12.959 trillion roubles, or 21.2 percent of GDP, less than the expected figure of 13.030 trillion roubles, which would have constituted 21.3 percent of GDP.