budget deficit

“As we now see several consecutive years of budget deficits, we plan to increase borrowing mainly by selling more government bonds,” Debt Office Director General Karolina Ekholm said in a note.

Meanwhile, persistently high U.S. budget deficit and the resulting high Treasury supply will continue to drive 10-year yields higher, he says.

The country's budget deficit stood at 4.5% of GDP at the end of last year with debt at 104.7% of GDP.

Lower global oil prices have already weighed on the country’s export revenues and expanded its budget deficit.

Russia's budget deficit is growing, revenues from oil and gas falling.