A report from the Federal State Statistics Service (Rosstat) citing Federal Treasury figures says the country had a first-quarter federal budget deficit of 7.2 billion rubles this year after posting a surplus of 178.0 billion rubles for the same quarter of last year.
Federal budget revenues amounted to 2966.3 billion rubles versus 2392.8 billion rubles in Q12011. Federal budget spending, including financial assistance to budgets of other levels, were for the quarter 3036.5 billion rubles versus 2214.7 billion a year previously.