Russia’s federal budget spending and deficit could exceed official plans by more than 1 trillion roubles ($12.85 billion) in 2026, according to the data from the government’s budget portal.
Russia’s Budget Deficit
The projection comes as the central bank considers whether to continue cutting its key interest rate or keep it unchanged at next week’s policy meeting. The Bank of Russia has repeatedly identified a wider budget deficit as a major inflationary risk.
Projected revenue remains unchanged, at 40.28 trillion roubles, implying a budget deficit of 4.83 trillion roubles, versus 3.79 trillion roubles, or 1.6% of the gross domestic product, currently assumed by the budget.
Russia’s budget deficit was 5.73 trillion roubles, or 2.5% of GDP, in the first half of the year, finance ministry data showed, 1.7 times higher than in the same period a year earlier.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
