State Duma passes draft federal budget
Russia’s State Duma has adopted the draft federal budget for 2026 and the planning period of 2027-2028 in its third and final reading.
state budget of Russia
Russia's budget deficit to reach 2-2.5% of GDP in 2023
Russia's federal budget deficit could exceed the planned 2% of GDP this year, Russian Finance Minister Anton Siluanov said. "Right now the size of the deficit is approximately at the level that we factored into …
Russian Finance Ministry reveals budget deficit numbers
Russia’s federal budget deficit, according to the preliminary estimate by the Russian Finance Ministry, amounted to 3.41 …
Russia's Finance Ministry: drop in oil and gas revenues not to affect budget
The Russian budget at the end of March received additional revenues in the amount of 2.5 trillion rubles, Finance Minister Anton Siluanov said in the ‘Moscow. Kremlin. Putin’ program on the Rossiya-1 TV channel. Journalist Pavel …
Russia’s oil and gas budget revenues down bay almost 50%
Oil and gas revenues of the Russian budget, according to preliminary data, amounted to 426 bln rubles ($5.96 bln) in January 2023 and decreased by 46% compared to January 2022, the Ministry of Finance said on Monday. "Oil and gas …
Russia's budget deficit reaches 3.3 trln rubles in 2022
Russia had a federal budget deficit of tentatively 3.3 trillion rubles or 2.3% of GDP in 2022, Russian Finance Minister Anton Siluanov said at a cabinet meeting. "We overshot our revenue target last year, the total was just under …
Russian budget deficit to total around 2% of GDP in 2022, 2023
Russia’s federal budget deficit will total around 2% of GDP in 2022, Russian Finance Minister Anton Siluanov told reporters on Thursday. "Due to major transactions on the financial market underway now, as well as substantial …
Russian Federation Council approves federal budget law for 2023-2025
The Federation Council of Russia has approved the federal budget law for 2023 and the planned period of 2024-2025 at its meeting this Wednesday. Russia’s budget expenditures will total 29 trillion rubles ($475.8 bln) in 2023, 29.4 …
Oil and gas revenues 7.5 bln rubles below expectations for Russian budget
The total deviation of actually received oil and gas revenues from the expected monthly volume and the estimate of the base monthly volume at the end of October 2022 was minus 7.5 billion rubles, the Russian Finance Ministry said on Thursday. …
Russian cabinet allocates $16 bln worth of NWF funds for covering budget deficit
Russia’s government has requested allocating 1 trillion rubles ($16 bln) worth of funds from the National Wealth Fund (NWF) for covering federal budget deficit this year, according to a respective decree by Prime Minister Mikhail Mishustin …
Russia to cover budget deficit with rainy-day fund in 2022
Russia's National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen at 1.6 trillion rubles ($21.6 billion) or more in 2022, Russian Finance Minister Anton Siluanov …
Russia’s budget surplus reaches 2 tln rubles
Russia’s budget surplus in January-October 2021 amounted to 2.14 trillion rubles, according to the statement posted on the website of the Russian Finance Ministry. In October, Russia’s budget surplus reached …
Income tax increased for high-earning Russian citizens
Russian President Vladimir Putin endorsed a law to raise personal income tax from 13% to 15% for people with annual incomes exceeding 5 mln rubles ($72,825) per year. The document was published on Monday on the official web portal …
Siluanov: Russia’s budget to swing into deficit this year
Russia’s budget will swing into a deficit this year due to the crash in oil prices and the economic impact of coronavirus, Russian finance minister Anton Siluanov said. "A decrease in energy prices has always …
Putin: we not going to fight against anyone
Russian President Vladimir Putin said that Russia is not going to fight against anyone and it is laying the groundwork so that other countries will not have the slightest urge to unleash an armed conflict with Moscow. …
Mishustin requests drafting amendments to Russian budget
Russian Prime Minister Mikhail Mishustin has tasked the Finance Ministry and Labor Ministry with drafting amendments to the law on federal budget and the law on budget of the Pension Fund aimed at implementation of Russian …
Kudrin: only 2-3 billion rubles stolen from Russian budget annually
Audit Chamber Director Alexei Kudrin said that maximum 2 to 3 billion rubles are stolen from the Russian federal budget annually. "Concerning criminal cases, 2–3 billion rubles per year is the …
For how long Russia's reserves to be enough if oil prices drop?
Russia will have enough accumulated reserves in order to fulfill budgetary obligations for three years in case oil prices fall to $25-30 per barrel, Russian Minister of Finance Anton Siluanov said. He noted that for …
Russia's State Duma approves 2020 budget
The Russian State Duma has approved draft federal budget for 2020 and the planned period of 2021-2021 in the final reading. According to the draft document, the budget revenues in 2020 will amount to 20.379 trillion rubles, in 2021 - …
Russia’s budget surplus reaches 3.071 tln rubles
Russia’s budget surplus increased to 3.071 trillion rubles in January–October, as compared with 2.987 trillion rubles in January–September,according to the Russian Finance Ministry materials. Budget revenue amounted to …