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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 plans to increase budget spending by 25.8% to 36.6 trillion roubles ($383 billion) in 2024, Prime Minister Mikhail Mishustin said on Friday. Moscow is spending heavily on its armed forces ...
The budget for 2024-2026 was developed specifically to fund the Russian military and to mitigate the impact of “17,500 sanctions” on Russia, State Duma Chairman Vyacheslav Volodin said after ...
In 2016, the Russian budget deficit reached $21 billion. It was expected to rise to $21.7 billion in the year. 2016 budget revenues were estimated to be 13.7 trillion rubles (200 billion US dollars) or 17.5% of GDP, while spending is planned to be 16 trillion rubles (roughly 233 billion dollars) [1] or 20.5% of GDP. The budget deficit is thus 2 ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial ... and a rising risk of a budget deficit in ... 26 September 2024, ...
Russian President Vladimir Putin on Monday signed a national budget for the next three years that increases spending by around 25% and reportedly devotes a record amount to defense as the the ...
The oil and gas industry accounted up to 41% of Russia's federal budget revenues by mid-2024, ... The budget deficit narrowed to 0.6% of GDP in 2017 from 2.8% in 2016.