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2016.09.3005:42:00UTC+00Russia's FinMin Siluanov says budget deficit may hit 3.5-3.7 pct of GDP this year

Russia's Finance Minister Anton Siluanov on Friday said the country's federal deficit this year may hit 3.5-3.7 percent of gross domestic product.

Officials at the finance ministry previously hoped to cap the deficit this year to 3.2 percent of GDP.

At a forum in Sochi, Siluanov said the ministry intended to increase borrowing in 2016 by 200 billion roubles ($3.2 billion).


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