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An acute labor shortage and the Kremlin's commitment to increase defense spending to 13.5 trillion rubles offer the ... The bank chief also predicted a slowdown in Russia's GDP growth to 1.9% next ...
Since the exchange rate of the ruble against the dollar fluctuates widely, figures in rubles are converted into international dollars using the PPP conversion factor at a rate of 28.8 rubles per international dollar (per the World Bank). Note: The rankings are arranged randomly.
In the following table, for each country/territory, IMF figures shows government's revenue, expenditure, and net lending (+)/ borrowing (-) as percentage of GDP and in current USD, calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. [3]
The 2024 budget expects revenues of 35 trillion rubles ($349 billion) with expenditure of 36.6 trillion, based on a Urals oil forecast of $71.30 per barrel, a 90.1 rubles to USD 1 exchange rate and inflation of 4.5%. Defence spending will double to 10.78 trillion, 29.4% of expenditure.
A few weeks before that December meeting, Putin had signed into law a budget that earmarked 4.98 trillion rubles — $52 billion at the current exchange rate — for “national defense” in 2023 ...
Since currency valuations can be subject to rapid change, a country could achieve the US$1 trillion nominal GDP mark one year and then produce less than that in total goods and services the following year(s). The 2010 data used here are compiled according to the International Monetary Fund (IMF) values. As for the former Soviet Union, the last ...
The ruble has tumbled 9% against the dollar since Nov. 21, when the U.S. sanctioned some 50 Russian banks, including Gazprombank, which has emerged as a top linchpin for Russia in currency markets.
In December 2022 long term investments stood at 4.3 trillion rubles, with liquid assets at 6.1 trillion rubles. [ 19 ] Previously holding liquid assets in US dollars, Euros, UK Pounds, Yen, Yuan and Gold, Russia began selling some Sterling and all the US dollars in the summer of 2021, [ 20 ] whilst buying Yuan to reach 30% and Euros to reach 40 ...