Member of the Council of the NBS Governor Stojan StamenkoviĂ¦ stated on Wednesday that the situation concerning the budget deficit "is very grave." The figure exceeds the planned amount in the first four months of the year, said StamenkoviĂ¦, who is a member of the Council of the governor of the National Bank of Serbia (NBS).
* Deficit seen at 0.6 pct of GDP in 2014, 0.7 pct in 2015 * Putin promised balanced budget by 2015 * Finance Ministry says spending will remain constrained By Maya Dyakina MOSCOW, May 22 (Reuters) - Russia is likely to run a budget deficit at least until 2016, the Finance Ministry said on Wednesday, a decision that would break a pre-election promise of President Vladimir Putin to balance the books by 2015. High oil prices, Moscow's major source of revenues, helped the state
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