state budget of Russia

Russia to cover budget deficit with rainy-day fund in 2022

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 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

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 …

Putin: we not going to fight against anyone

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

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 …

Russia's State Duma approves 2020 budget

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 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 …

Finance Ministry: Russia’s budget policy stable

Finance Ministry: Russia’s budget policy stable

Russia’s budget policy is stable and poses no inflation risks, Russian Deputy Finance Minister Vladimir Kolychev said at the S&P Global Ratings 2019. He noted that it will remain stable even if around 1 …

"One can forget about oil at $100 per barrel"

"One can forget about oil at $100 per barrel"

Russia’s Energy Minister Alexander Novak expressed an opinion that everyone has forgotten about oil at $100 per barrel. "We live based on mid-term oil price assumptions of $50 ... Our budget is based in …

Russia's three-year budget prepared with surplus

Russia's three-year budget prepared with surplus

The budget for 2020 and the planned period of 2021-2021 was submitted to the Committee on Budget and Taxes by Russia's State Duma Chairman Vyacheslav Volodin. The draft will be considered at the Duma …

Is new crisis in Russia only year and a half away?

Is new crisis in Russia only year and a half away?

Russia's next economic crisis may erupt in the next year and a half, according to experts of the Centre for Business Tendencies Studies at ISSEK NRU HSE. "If the trade war between the two largest economies in the …

 Russia's Central Bank buys forex worth 18.3 bln rubles

Russia's Central Bank buys forex worth 18.3 bln rubles

Russia’s Central Bank bought foreign currency worth 18.3 billion rubles on April 1 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry would allocate 310 billion rubles or an …

Russia’s Finance Ministry announces FX purchase volumes

Russia’s Finance Ministry announces FX purchase volumes

Russia’s Finance Ministry will acquire 265.8 billion rubles of foreign currency from the open market under the budget rule from January 15 through February 6, spending 15.6 billion rubles a day, the authority said in a statement. …

No budget deficit in Russia

No budget deficit in Russia

Russia's State Duma has passed amendments to the law on 2018 federal budget and the planned period of 2019-2020 today. On June 7, the State Duma passed amendments to the law on 2018 federal budget and the planned period of 2019-2020 …

Siluanov: exchange rate could be 50 rubles per dollar

Siluanov: exchange rate could be 50 rubles per dollar

If there were no budget rule, the exchange rate could be 50 rubles per dollar, Russia's Finance Minister Anton Siluanov said. Siluanov said that the budget rule, under which energy revenues from oil sold at over $40 …