Russia’s budget deficit is set to increase by RUB 1 trillion compared to official forecasts, driven by rising war-related spending in Ukraine.
Russia’s budget deficit exceeded official forecasts by one trillion roubles. Photo: Getty Images
Russia's federal budget spending and deficit may exceed official plans by more than RUB 1 trillion (US$12.85 billion).
Source: Reuters
Details: The source – Russia's government budget portal – did not specify the reason for the increase. Reuters suggests it may be linked to rising expenditure on the war against Ukraine.
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