From January to October, Russia’s federal budget deficit fell to 1.235 trillion rubles, or 0.7% of GDP. This was reported by RIA News.
According to the agency, the budget deficit in the January-August period reached 2.361 trillion, or 1.5% of GDP. The budget has turned into a surplus since August.
“As a result, the total minus accumulated during the month was compensated by almost 30%. In October the trend continued: plus 464 billion,” the report says.
It was noted that non-resource exports helped, which offset the decrease in oil exports. According to Alfa Capital analyst Alexander Dzhioev, one of the factors is the acceleration of inflation. In such cases, turnover taxes, including VAT, bring more revenue. In the same period, oil and gas revenues decreased by 26.3% to 7.21 trillion rubles.
Before that, BitRiver financial analyst Vladislav Antonov saidThe Russian budget for 2024-2026 will most likely be implemented.
Previously Mishustin in the name Avoid excessive optimism.