Russia had a budget deficit of 2.3 trillion rubles in 8 months
Russia’s budget ran a deficit of 2.3 trillion rubles (about $23.5 billion) in the first eight months of this year.
According to data released by Russia’s Finance Ministry, the country’s budget revenue fell 3.5 percent in the first eight months of this year compared to the same period a year earlier, to 17 trillion rubles.
In the mentioned period, budget expenditures increased by 12 percent to 19.3 trillion rubles, while the budget posted a deficit of 2.3 trillion rubles.
NATURAL GAS REVENUES DECREASE 38.2 PERCENT IN THE FIRST 8 MONTHS
The country’s oil and natural gas revenues fell 38.2 percent in the first eight months of this year compared to the same period a year earlier and fell to 4.8 trillion rubles, while non-oil revenues and Natural gas prices rose 24.2 percent to 12.1 percent. trillion rubles.
Russian Prime Minister Mikhail Mishustin said today that the Russian economy has begun to adapt to difficult conditions and that the budget returned a surplus of 230 billion rubles in August.
According to estimates by the Russian Ministry of Finance, the country is expected to have a budget deficit of 2.9 trillion rubles by the end of the year. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
