Russian Federation’s budget deficit set up a new “record”

Federal budget costs in January-March reached 11.224 trillion rubles, 24.5% higher than last year’s level.

The federal budget in January-March 2025, according to preliminary data, was made with a deficiency of 2.173 trillion. Rubles, or 1% GDP. This is proven by short monthly information by the Ministry of Finance of the Russian Federation. The Russian Department relates to this deficiency level earlier in the costs in January. This was reported by the Russian Propaganda News Agency Interfax.

The budget law for the current year is planned by a deficiency of 1.173 trillion rubles, or 0.5% of GDP.

In the first two months, according to preliminary data from the Ministry of Finance, the deficiency reached 2.701 trillion. Rubles, or 1.3% of GDP. 5.344 trillion rubles), cost – 7.764 trillion rubles (8.045 trillion rubles, according to the Ministry of Finance) based on these data, in March there is an excess (528 billion rubles compared to previous financial ministry data and 1.668 trillion rubles).

Federal budget revenues in the first quarter increased by 3.8% compared to the same period last year and cost 9.050 trillion rubles. Whereas oil and gas revenues are reduced by 9.8%to 2.642 trillion. Rubles.

Federal budget costs in January-March reached 11.224 trillion rubles, 24.5%higher than last year. Advance funds for some costs contracted.

As we have already written, Russia’s federal budget in January-February 2025 was made with a deficiency of 3.8 trillion rubles, which significantly exceeded previous estimates.

Note that 2024 Russia has been completed with a record budget deficiency at the level of 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.