Russian Budget Executed With $42 Bln Deficit In January-May - Finance Ministry's Estimate

Fahad Shabbir (@FahadShabbir) Published June 06, 2023 | 09:53 PM

Russian Budget Executed With $42 Bln Deficit in January-May - Finance Ministry's Estimate

The Russian budget was executed with a 3.4 trillion rubles ($42 billion) deficit in January-May, while the expenditures increased by 27% to 13.2 trillion rubles, the Finance Ministry said in its preliminary estimate

MOSCOW (UrduPoint News / Sputnik - 06th June, 2023) The Russian budget was executed with a 3.4 trillion rubles ($42 billion) deficit in January-May, while the expenditures increased by 27% to 13.2 trillion rubles, the Finance Ministry said in its preliminary estimate.

The ministry also said that "at the same time, in terms of the receipt of key non-oil and gas revenues - both the Federal budget and the budget system as a whole - there is a steady positive trend."

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