Russia's Budget Deficit Has Risen Sharply Despite High Oil Revenues,
11 Articles
11 Articles
The cumulative deficit since the beginning of 2026 has reached tens of billions of dollars. Russia's federal budget returned to a deficit of $8.8 billion in July after a surplus in June. The main reason for this is the financing of the war against Ukraine, RBC-Ukraine reports, citing Bloomberg. In the first seven months of the year, the cumulative Russian budget deficit reached 6.5 trillion rubles ($78.7 billion), which is 2.8% of the aggressor …
Russia's budget deficit widened sharply in the first seven months of the year, even as oil revenues surged amid tensions in the Strait of Hormuz, a key source of surplus for the budget. The accelerating spending growth continues to be driven by the war in Ukraine, Bloomberg reported.
Russia's budget under pressure The post Russia: Oil revenues break by 27 percent an appeared first on financial marketwelt.de.
In the first half of 2026, 3,400 tax crimes were detected in Russia, which is 17.2% more than a year earlier. This is the highest increase in at least the past 12 years, writes The Bell. 🔵 Details. The increase in the number of violations identified was reported by “News”. Such data follow from the report of the Ministry of Internal Affairs. Statistics do not necessarily mean that Russians are more likely to evade taxes. It shows the number of …
Russia's federal budget in July ran a deficit of 724 billion rubles ($8.8 billion) after a surplus a month earlier, and the aggregate gap for the first seven months of the year reached 6.5 trillion rubles, or 2.8% of GDP. The deterioration of budget indicators is associated with a further increase in public spending. The government continued to make advance payments on government contracts, although usually the scale of such payments is reduced …
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