In January-April, Russia’s budget deficit reached 3.42 trillion rubles, despite the fact that for the whole of 2023 it was planned to be no more than 2.9 trillion rubles.
Russia’s oil and gas revenues fell 52% in the first four months of 2023 compared to last year’s figures for the same period. This follows from data published on Wednesday, May 10, by the Ministry of Finance of the Russian Federation.
Thus, in January-April, Russia’s oil and gas revenues reached 2.3 trillion rubles, and non-oil and gas – 5.5 trillion rubles.
Overall, during this period, the budget of the Russian Federation received 7.8 trillion rubles, which is 22% less than the same period last year. At the same time, RF expenditures for January-April reached 11.2 trillion. rubles, which is 26% more compared to the same period in 2022.
Thus, the total budget deficit reached 3.42 trillion rubles, while in the annual plan of the Ministry of Finance, the budget deficit for the whole of 2023 should be 2.9 trillion rubles.
The Russian Ministry of Finance attributed the drop in oil and gas revenues to a drop in Urals oil prices and a reduction in gas exports.
Recall that in early April it was reported that the Russian Federation was looking for ways to replenish the budget for a long war. In particular, Russia hopes for external financial support from foreign states, which it considers “friendly”.
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Source: korrespondent
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