At the beginning of this year, the volume of public spending was quite high. By the end of December 2023, the federal budget deficit is expected to be at the target level of 2% of GDP, opens words of vice president Maxim Oreshkin RIA Novosti.
According to the current law, the Russian budget deficit is expected to be at the level of 2% of GDP. Despite this, Oreshkin considered the current state of the treasury to be stable. He announced that the federal budget is expected to run a surplus by the end of this year.
“The overall budget is stable. After a period of high budget expenditures at the beginning of this year, we will have a budget surplus by the end of the year, which is an indication that this is sustainable. In his speech at Bilgi, Oreshkin said that the overall vulnerability level will be close to the target values. First.”
April 25 Deputy Presidency Maxim Oreshkin declaration Decreasing the inflation in the Russian domestic market to approximately 2.5% on an annual basis by the end of this month. The growth of consumer prices in the Russian Federation as a whole remains at a relatively low level.