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Increased Non-Oil Budget Revenues in Russia Offset Oil, Gas Losses - Minister

© AFP 2022 / ALEXANDER NEMENOVA Russian ruble coin is pictured in front of the Kremlin in in central Moscow, on November 6, 2014
A Russian ruble coin is pictured in front of the Kremlin in in central Moscow, on November 6, 2014 - Sputnik International
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Russia's non-oil budget revenues saw 21-percent growth this year, fully offsetting lower oil and gas revenues, Finance Minister Anton Siluanov said Friday.

MOSCOW (Sputnik) — He forecast that budget deficit by year-end could drop below 3.7 percent of GDP, and that economic growth next year could reach a "positively surprising" 1.5 percent.

"Total non-oil revenues were up 21 percent compared to last year, fully compensating for lower revenues from oil and gas," Siluanov told reporters.

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