{"id":1346579,"date":"2026-01-20T10:43:08","date_gmt":"2026-01-20T08:43:08","guid":{"rendered":"https:\/\/prm.ua\/the-russian-ministry-of-finance-admitted-a-record-deficit-expenses-exceeded-revenues\/"},"modified":"2026-01-20T10:43:08","modified_gmt":"2026-01-20T08:43:08","slug":"the-russian-ministry-of-finance-admitted-a-record-deficit-expenses-exceeded-revenues","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-russian-ministry-of-finance-admitted-a-record-deficit-expenses-exceeded-revenues\/","title":{"rendered":"The Russian Ministry of Finance admitted a record deficit: expenses exceeded revenues"},"content":{"rendered":"

Russia’s federal budget is running a serious deficit for the fourth year in a row. In 2025, the gap between revenues and expenditures reached a record 5.64 trillion rubles.<\/strong><\/p>\n

This is reported by<\/a> The Moscow Times, citing data from the Russian Ministry of Finance.<\/p>\n

Compared to 2024, the deficit increased 1.6 times. At the same time, the pace of economic growth remained modest – Russia’s GDP in 2025 increased by only 2.6%, while in 2020 this figure was 3.8%.<\/p>\n

A significant blow to the budget was the sharp decline in oil revenues. Over the year, oil and gas revenues decreased by 24%, to 8.39 trillion rubles, and the average price of Urals fell below $40 per barrel, although $70 was expected when the budget was formed.<\/p>\n

Despite a 13% increase in non-oil and gas revenues compared to last year, they fell short of the Finance Ministry’s expectations. The government also raised the income tax from 20% to 25%, increased customs and excise duties, and introduced a differentiated personal income tax. These measures were planned to bring 3.6 trillion rubles to the budget, but in fact the increase amounted to only 575 billion (1.6%), which, taking into account inflation, means a real reduction in revenues.<\/p>\n

The financial situation shows that even tax increases and a broadening of the revenue base have not been able to compensate for losses from oil revenues and limited economic growth.<\/p>\n

Recall that Russian oil supplies to India in December may decrease to the lowest levels in the last three years<\/a> . At the same time, imports may increase again in early 2026 after the resumption of purchases by the largest oil refining companies.<\/p>\n

As reported, in 2026-2027, Russia plans to massively return decommissioned Soviet and foreign-made aircraft to service<\/a> due to an acute shortage of aircraft fleet.<\/p>\n

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

Russia’s federal budget is running a serious deficit for the fourth year in a row. In 2025, the gap between revenues and expenditures reached a record 5.64 trillion rubles. This is reported by The Moscow Times, citing data from the Russian Ministry of Finance. Compared to 2024, the deficit increased 1.6 times. At the same […]<\/p>\n","protected":false},"author":59,"featured_media":1252555,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76871,76872,76892],"class_list":["post-1346579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news-feed","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1346579","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=1346579"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1346579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1252555"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1346579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1346579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}