Member of the Council of the NBS Governor Stojan Stamenkoviæ 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 Stamenkoviæ, 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