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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.
Russian forces in 2024 advanced in Ukraine at the fastest rate since 2022, the war's first year, and control about a fifth of the country. But the gains have come at the cost of heavy, though ...
Source: [3] [4] 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
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 ...
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]
Western aid has been vital for Kyiv to balance its books as it has poured money into defence since the Russia's full-scale invasion more than two years ago. Ukraine should be able to receive some ...
Despite increases in Russian budget revenues, mostly the result of a devalued ruble, continuously growing inflation (hence growing revenues from sales tax), and new levies and taxes all over the ...