Russia's budget breaks new anti record — what's happening?
news.online.ua
Tue, 21 Jan 2025 19:01:54 +0200
Russias problems on the economic front are escalatingWhat is important to understand is that the aggressor country is ending the third year in a row with a budget deficit.This time it is about almost 3.5 trillion rubles about 35 billion US dollars.Analysts point out that this is a record figure for the entire period of Russias fullscale war against Ukraine.
The Russian Finance Ministry hopes to reduce the budget gap by raising taxes, which always leads to higher prices.
That is, ordinary Russians will once again have to pay for the Kremlin dictators aggressive ambitions, the Center for Countering Disinformation emphasizes.
In addition, it is noted that at the end of the year, the enemy Ministry of Finances expenditures exceeded the plan by 800 billion rubles.This time they reached 40.2 trillion rubles it is worth noting that this is a quarter more than in 2023.What exactly is killing the Russian economyAccording to economists, these consequences were caused by accelerated inflation at the end of the year, which made it possible to increase nonoil and gas budget revenues to 25.6 trillion rubles 26 more than a year earlier.What is important to understand is that, thanks to the budget rule, these funds were directed to cover expenses.
Oil and gas revenues also increased by 26, to 11.1 trillion rubles, but fell short of the expected level, which increased the deficit by 200 billion rubles, to 3.5 trillion rubles.
In recent years, Russias total budget deficit has reached 10 trillion rubles.In addition, it is noted that relative to GDP, the indicator decreased to 1.7 compared to 2.1 and 1.9 in previous years.
Latest news
more news