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Story summary
- The public deficit may reach 3.5% to 4.4% of GDP by end-2026.
- The rise mirrors lower oil revenues from reduced Indian purchases and large discounts on Russian oil.
- A government-linked think tank estimates energy revenues will drop 18% and total revenues 6%.
- Analysts warn that 4.1 trillion roubles in reserves could deplete within a year.
- Deputy Prime Minister Alexander Novak urged maintaining a balanced budget to withstand sanctions.
