Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

Russia’s budget deficit widens to $34.4 billion after late spending spree

by
January 20, 2025
in Stock
0
Russia’s budget deficit widens to $34.4 billion after late spending spree

(Reuters) – Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry said on Monday, with both spending and revenue rising sharply compared with 2023 as Moscow ploughed economic resources into the war in Ukraine.

According to the ministry’s preliminary estimate, the overall deficit stood at 3.49 trillion roubles ($34.39 billion), with total revenues increasing 26% year on year to 36.71 trillion roubles and spending climbing by 24.2% to 40.19 trillion roubles.

The shortfall narrowed as a percentage of gross domestic product to 1.7% from 1.9% in 2023, the data showed.

Moscow expects spending this year to increase to 41.47 trillion roubles, of which 41% will be spent on the army, police and secret services. Rising tax revenues are seen narrowing the fiscal deficit to 0.5% of GDP.

($1 = 101.4955 roubles)

This post appeared first on investing.com
Previous Post

Portugal stocks higher at close of trade; PSI up 0.31%

Next Post

Donald Trump sworn in as 47th US president

Next Post
Donald Trump sworn in as 47th US president

Donald Trump sworn in as 47th US president

Subscribe to InvestiStratix.com

    Popular News

    Why Donald Trump’s 50% tariff threat against Brazil isn’t just about trade

    Why Donald Trump’s 50% tariff threat against Brazil isn’t just about trade

    July 11, 2025
    Brazilian markets reel after Trump slaps surprise 50% tariff

    Brazilian markets reel after Trump slaps surprise 50% tariff

    July 11, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    July 11, 2025
    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    July 10, 2025
    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    July 10, 2025

    Trending News

    Why Donald Trump’s 50% tariff threat against Brazil isn’t just about trade

    Why Donald Trump’s 50% tariff threat against Brazil isn’t just about trade

    July 11, 2025
    Brazilian markets reel after Trump slaps surprise 50% tariff

    Brazilian markets reel after Trump slaps surprise 50% tariff

    July 11, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 11, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 10, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved