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Russia's budget deficit is huge. Financial data disclosed. In the background is the war in Ukraine

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Russia's big deficit: Third time in a row Russians end the year with a budget deficit of over 3 trillion rubles. In 2024, according to preliminary estimates, it amounted to PLN 3.49 trillion rubles. In relation to gross domestic product, it decreased from 1.9 percent. in 2023 to 1.7 percent in 2024. However, the original plans assumed deficits of 1.6 trillion rubles (0.9% of GDP). Interestingly, excluding Russian oil revenues and gasdeficit would increase to 7.3 percent. GDP.

However, Russians' incomes and expenses increased: They increased by 26% successively. and 24 percent Income was exactly on par 36.71 trillion rubles and expenses 40.19 trillion rubles. Reuters notes that such a sharp increase is due to the need for greater economic investment in the war in Ukraine. Ministry of Finance explains that the data for last year are higher, among others: because at the end of the year, Russians incurred expenses that were predicted in advance for 2025. They actually increased by 7.15 trillion rubles in December and were higher than in 2022 and 2023.

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What about 2025? Due to, among other things, higher outflows, Russians expect that next year's expenditure will amount to 41.47 trillion rubles, of which 41 percent will be released on armypolice and special services. The budget deficit is expected to amount to 0.5%. GDP. However, it is possible that it will be increased. In 2024 this was done twice.

Read also:A record year. The Ministry of Finance revealed data on Poles' money. We bought it in droves“.

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Sources: : Reuters



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