{"id":1257826,"date":"2025-07-08T11:18:12","date_gmt":"2025-07-08T08:18:12","guid":{"rendered":"https:\/\/prm.ua\/the-russian-budget-deficit-in-2025-has-already-exceeded-the-annual-forecast-the-government-is-drawing-on-reserves\/"},"modified":"2025-07-08T11:18:12","modified_gmt":"2025-07-08T08:18:12","slug":"the-russian-budget-deficit-in-2025-has-already-exceeded-the-annual-forecast-the-government-is-drawing-on-reserves","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-russian-budget-deficit-in-2025-has-already-exceeded-the-annual-forecast-the-government-is-drawing-on-reserves\/","title":{"rendered":"The Russian budget deficit in 2025 has already exceeded the annual forecast: the government is drawing on reserves"},"content":{"rendered":"

In the first half of 2025, Russia’s budget deficit amounted to 3.69 trillion rubles (over $46.8 billion), which corresponds to 1.7% of GDP – the figure that the country’s government had forecast for the entire year.<\/strong><\/p>\n

This is stated<\/a> in the Reuters article.<\/p>\n

This is a significant deterioration compared to the same period last year, when the deficit was only 0.3% of GDP. The main reason was a significant increase in government spending – by 20%, while revenues grew by only 2.8%. At the same time, revenues from energy exports fell by 17%.<\/p>\n

In April, Russian authorities raised their deficit forecast from 0.5% to 1.7% of GDP due to lower oil prices and reduced energy sector revenues. At the same time, military spending increased by 25% to 6.3% of GDP, the highest level since the Cold War.<\/p>\n

To cover the deficit, the government intends to use 447 billion rubles from the National Welfare Fund, which is about 10% of liquid reserves. A new budget review is expected in the fall.<\/p>\n

Recall that the war against Ukraine, sanctions, and increased spending on the military-industrial complex led to an increase in prices<\/a> for basic food products in Russia.<\/p>\n

It should be noted that by April 2026, if current economic trends continue, a banking collapse may occur in Russia<\/a> .<\/p>\n

Ordinary Russians are massively defaulting on their credit card debts<\/a> . Payments on 8.3 million credit cards are overdue for more than three months.<\/p>\n

As reported, Russia is experiencing an acute labor shortage in many sectors of the economy.<\/a><\/p>\n

In addition, the Foreign Intelligence Service of Ukraine (FIS) reports that Russian companies are massively losing their assets abroad amid international sanctions, nationalization, and the breakdown of cooperation with foreign partners.<\/a><\/p>\n

As you know, Russia has exhausted the resources that allowed the economy to demonstrate growth for two consecutive years<\/a> in conditions of war and sanctions.<\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram<\/a> .<\/p>\n","protected":false},"excerpt":{"rendered":"

In the first half of 2025, Russia’s budget deficit amounted to 3.69 trillion rubles (over $46.8 billion), which corresponds to 1.7% of GDP – the figure that the country’s government had forecast for the entire year. This is stated in the Reuters article. This is a significant deterioration compared to the same period last year, […]<\/p>\n","protected":false},"author":59,"featured_media":588284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76892,76871,76872],"class_list":["post-1257826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-2","category-news-feed"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1257826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1257826"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1257826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/588284"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1257826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1257826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}