Russia Faces $10.5 Billion Regional Budget Deficit as 65 Regions Prepare Spending Cuts
4 Articles
4 Articles
Russia Faces $10.5 Billion Regional Budget Deficit as 65 Regions Prepare Spending Cuts
Around 65 Russian regions are planning to reduce spending on investment and infrastructure projects between 2027 and 2029 as stagnant revenues, rising financial obligations, and war-related expenditures put increasing pressure on local budgets, according to Ukraine’s Foreign Intelligence Service (SZRU) on October 20.
About 65 regions of Russia plan to cut spending on investment and infrastructure projects in 2027-2029 due to lack of funds for social benefits, maintenance of budget institutions and war-related needs.
<p>Regions of the Russian Federation will cut infrastructure spending due to budget deficit - intelligence About 65 regions of Russia will reduce investment spending in 2027—2029. Budget deficits and new responsibilities will increase pressure on local authorities.</p>
This was reported in the Foreign Intelligence Service of Ukraine. According to the SZR, the incomes of the regions almost do not grow, at the same time, money needs social payments, budget institutions and expenses,...
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