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Russia announced a loss of 40% of oil and gas revenues

Photo: Ministry of Finance of the Russian Federation

Within seven months, the RF budget deficit is close to the planned deficit of 2.9 trillion rubles at the end of the year.

The budget of Russia received in January-July this year 4.2 trillion. rubles of oil and gas revenues, which is 41.4% lower than the same period in 2022. This was announced by the Ministry of Finance of the Russian Federation on Tuesday, August 8.

“Revenues of oil and gas amounted to 4,193 billion rubles and decreased by 41.4% year-on-year, which is related to a high basis of comparison last year, a decrease in Urals oil prices, a decrease in prices and a decrease in natural gas exports,” the statement said. message.

At the same time, it is argued that the amount of revenues of the federal budget in January-July 2023 reached 14.5 trillion. rubles, which is 7.9% less than the amount of income received for the same period in 2022.

Today Russia’s budget deficit is more than 2.8 trillion. rubles. This figure is close to the planned deficit of 2.9 trillion rubles at the end of the year.

Recall that the price of Russian Urals oil fell one and a half times. Russia’s budget provides for a gradual decline in Urals oil prices from $80 per barrel in 2022 to $65 per barrel in 2025. But the decline happened much faster.

The aggressor country is desperately trying to stimulate the rise in oil prices.

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Source: korrespondent

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