Recently Yahoo News on-line picked up the following:
Russian budget deficit for January-May was 1.5% of GDP
Reuters -Reporting by Darya Korsunskaya
Tue, June 10, 2025 at 8:10 a.m. PDT·1 min read
(Reuters) -Russia ran a budget deficit of 3.4 trillion
roubles ($43.3 billion), or 1.5% of gross domestic product, for the first five
months of the year, the finance ministry said on Tuesday, citing preliminary
data.
The budget shortfall was almost five times as wide as in the
same period of 2024, when Russia ran a deficit of 730.4 billion roubles, or
0.4% of GDP.
The ministry said the deficit was mainly caused by advance payments to finance budget spending in January and a decrease in oil and gas revenue amid lower prices for oil, Russia's main export commodity.
Russia raised the 2025 budget deficit estimate to 1.7% of gross domestic product in April from 0.5% after reducing the energy revenue forecast by 24%, expecting a prolonged period of low oil prices.
State spending on national defence was hiked by a quarter in 2025 to 6.3% of GDP, the highest since the Cold War, as the country continued its war in Ukraine, now in its fourth year.
The government is planning to tap its fiscal reserves for 447 billion roubles ($5.51 billion), or about one-tenth of its liquid assets, to balance the budget in 2025
Spending in the first five months was 20.7% higher than in the same period of 2024, the ministry's data showed. Revenues for the period were 3.1% higher than a year ago.
The Finance Ministry is planning another revision of the budget in autumn.
($1 = 78.5000 roubles)
Translation
俄羅斯1-5月預算赤字佔GDP的1.5%
(路透社)- 俄羅斯財政部週二援引初步數據稱,今年前五個月,俄羅斯預算赤字為3.4萬億盧布(433億美元),佔GDP的1.5%。
預算缺口幾乎是2024年同期的五倍,當時俄羅斯的赤字為7,304億盧布,佔 GDP的 0.4%。
財政部表示,赤字主要是由於1月預算支出的預先付款,以及由於俄羅斯主要出口商品石油價格下跌導致石油和天然氣收入減少造成的。
俄羅斯預計低油價將持續一段時間,因此在4月將能源收入預期下調24%後,將2025年預算赤字佔GDP的比重從0.5%上調至1.7%。
由於俄羅斯在烏克蘭的戰爭仍在持續,2025年國家國防支出將增加四分之一,達到GDP的6.3%,創下冷戰以來的最高水準。目前,烏克蘭戰爭已進入第四年。
政府計劃動用4,470億盧布(約55.1億美元)的財政儲備,約佔其流動資產的十分之一,以實現2025年的預算平衡。
財政部數據顯示,今年前五個月的支出比2024年同期成長了20.7%。同期營收比去年同期成長了3.1%。
財政部計劃在秋季再次修訂預算。
So, Russia has a budget deficit of 3.4 trillion
rubles ($43.3 billion), or 1.5% of gross domestic product, for the first five
months of the year based on preliminary data. State
spending on national defense has hiked by a quarter in 2025 to 6.3% of GDP, the
highest since the Cold War. Apparently, its war with Ukraine is causing a
financial burden.
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