Russia's Budget Deficit Reaches $72 Billion
The Russian Ministry of Finance announced that the federal budget deficit increased during the first seven months of 2026 to approximately $72 billion, compared to a deficit of $42 billion in the same period of 2025. As a result, government spending rose to around $304 billion, while revenues amounted to about $233 billion, with oil and gas income declining to $46 billion, increasing pressure on the overall budget.
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