April 24, 2020 / 3:01 PM / a month ago

Russia's budget deficit could reach 4.5-5.0% of GDP in 2020- Ifx

MOSCOW, April 24 (Reuters) - Russia’s budget deficit may reach 4.5-5.0% of gross domestic product this year, Interfax cites Economy Minister Maxim Reshetnikov as saying on Friday.

He also said that the Russian economy was losing 100 billion roubles ($1.3 billion) per day due to measures aimed at combating the spread of the novel coronavirus, according to Interfax. ($1 = 74.5282 roubles) (Reporting by Vladimir Soldatkin; Editing by Alison Williams)

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