Ministry of Finance allowed minor deviations of budget deficit from plan in both directions in 2023

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Russia’s budget deficit at the end of this year could change in one direction or another. This estimate was made by the Minister of Finance Anton Siluanov. DEA News.

“The economy is bustling, the deficit may change a bit, but that’s both in one direction and the other,” said the department head.

The budget revenues of Russia for 2023 are planned at the level of 26.13 trillion rubles. (17.4% of GDP), expenses – 29,056 trillion rubles. (19.4% of GDP), the deficit will be 2.925 trillion rubles. The Ministry of Finance is guiding the budget deficit in 2023, which is 2% of GDP.

formerly Siluanov discretion Russia’s import revenue this year. According to him, in 2022 there was a good external environment for Russian exports, primarily fuel resources. Additional federal budget revenues from their overseas supply amounted to 2.5 billion rubles.

The Ministry of Finance also wanted sharply reduce government spending by 10% from 2024.

former Central Bank declaration about a possible increase in key rate.

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