The Russian Ministry of Finance still expects that the current budget deficit “will not affect the quarterly trajectory.”
According to February results, Russia’s federal budget was carried out with a deficiency of 2.7 trillion rubles, or 1.3% of GDP. This was proven by the data of the Russian Ministry of Finance on Tuesday, March 11.
The Ministry of Finance explains this level of deficiency, above all, by “proactive financing of costs” in January. According to the department, it does not seem to affect the quarterly trajectory and the implementation of the targeted structural balance parameters for 2025 in total. “
In total, for two months, budget expenditures cost more than 8 trillion rubles. It’s 30.6% more than January-February 2024.
At the same time, Russia’s budget law for 2025 is outlined for 1.173 trillion. rubles, or 0.5% of GDP. That is, the indicator for January-February exceeds the annual plan more than double.
Remember that 2024 Russia completed a recorder of record budget at 3.5 trillion. Rubles. The Russian Federation’s oil and gas revenue increased by 26%, to 11.1 trillion rubles, but the expected level did not reach, which increased the deficiency.
As you know, the war that Russia released against Ukraine negatively influenced the lives of nearly half of the citizens of the Russian Federation – 47.6%. This has been proven by the data of a sociological survey conducted by the Institute of Social and Political Studies of the Russian Academy of Sciences.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.