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While Russia's share of oil and gas revenues has fluctuated in recent years, and dropped in 2023, Russia expects it to account for about 27% of the country's total budget revenue in 2025. "As long ...
The budget for 2025, which was published Sunday, allocates about $126 billion (13.5 trillion rubles) to national defense – amounting to 32.5% of government spending.
Despite increases in Russian budget revenues, ... LNG producer, from 20% to 34%, while increasing the overall corporate tax rate by 25% across the board effective January 2025. Measures like these ...
The federal budget of Russia (Russian: федеральный бюджет России) is the leading element of the budget system of Russia. It is a major state financial plan for the fiscal year, which has the force of law after its approval by the Russian parliament and signed into law by the President of Russia .
Source: [2] [3] 1–7 January – New Year's Day and Holidays; 7 January – Christmas (Orthodox) 23 February – Defender of the Fatherland Day 24 February – Defender of the Fatherland Holiday
For 2024, Russia changed the funding rules again, so that the NWF will not receive the expected 2024 11.5 trillion rubles of oil revenue, which will go directly to the Russian budget instead, with just 1.8 trillion rubles projected to be being given to the National Wealth Fund in 2025. [10]
Russia’s finance ministry said it expects spending to reach 36.66 trillion rubles (around $411 billion) in 2024 with a predicted budget deficit of 0.8% of Russia’s gross domestic product.
Russia has a labour force of about 72 million people, which is the eighth-largest in the world. [11] It is the third-largest exporter of arms in the world. [44] The oil and gas industry accounted up to 41% of Russia's federal budget revenues by mid-2024, [45] while fossil fuels accounted up to 43% of its merchandise exports in 2021. [46]