{"id":1276813,"date":"2025-08-06T17:38:15","date_gmt":"2025-08-06T14:38:15","guid":{"rendered":"https:\/\/prm.ua\/the-russian-economy-is-bursting-at-the-seams-the-budget-deficit-has-tripled\/"},"modified":"2025-08-06T17:38:15","modified_gmt":"2025-08-06T14:38:15","slug":"the-russian-economy-is-bursting-at-the-seams-the-budget-deficit-has-tripled","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-russian-economy-is-bursting-at-the-seams-the-budget-deficit-has-tripled\/","title":{"rendered":"The Russian economy is bursting at the seams: the budget deficit has tripled"},"content":{"rendered":"

Due to the rapid decline in oil and gas revenues and<\/strong> rising costs, the Russian government will make changes to the budget for the second time in a year.<\/strong><\/p>\n

This was reported<\/a> in The Moscow Times.<\/p>\n

The Russian Ministry of Finance has already reduced the revenue plan by $20 billion, while increasing expenditures by $800 billion. As a result, the projected budget deficit of the Russian Federation has tripled to $42 billion, or 1.7% of GDP.<\/p>\n

The Russian government is currently updating its forecast and preparing a three-year budget. Amendments to the budget are planned to be made by September 30.<\/p>\n

Although specific changes are not yet known, analysts are confident that the Russian budget deficit will only grow. After all, in the period January-July 2025, revenues from raw materials fell by almost 20% compared to last year and have been declining for the third month in a row.<\/p>\n

Previous changes increased total budget expenditures to $470 billion, but now the “electronic budget” system already shows a figure of $477 billion.<\/p>\n

According to analysts’ forecasts, the Russian budget deficit could grow to $100 billion by the end of the year.<\/p>\n

Earlier,US President Donald Trump said that Russia has 10 days to reach an agreement on the war in Ukraine<\/a> . If it refuses, Washington will impose new economic restrictions, including tariffs against buyers of its oil.<\/p>\n

As a reminder, US President Donald Trump announced the introduction of new tariffs for India<\/a> : from August 1, the country will have to pay 25%. He explained that India buys most of its military equipment from Russia and, together with China, is one of the largest consumers of Russian energy.<\/p>\n

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

Due to the rapid decline in oil and gas revenues and rising costs, the Russian government will make changes to the budget for the second time in a year. This was reported in The Moscow Times. The Russian Ministry of Finance has already reduced the revenue plan by $20 billion, while increasing expenditures by $800 […]<\/p>\n","protected":false},"author":63,"featured_media":588284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76870,76871,76872,76892],"class_list":["post-1276813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-news-2","category-news-feed","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1276813","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\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1276813"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1276813\/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=1276813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1276813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}