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Russia's Q1 2026 Budget Deficit Hits 4.6 Trillion Rubles

4/10/2026

24 2 Full Breakdown

Summary

Story summary

In Q1 2026, Russia's federal budget deficit reached 4.6 trillion rubles, exceeding the 3.8 trillion rubles projected for the full year.
Revenues fell 8.2% to 8.3 trillion rubles, while spending rose 17% to 12.9 trillion rubles.
Oil and gas revenues dropped 45% to 1.4 trillion rubles, while non-oil and gas tax receipts rose 7.1% to 6.9 trillion rubles.

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Story summary

In Q1 2026, Russia's federal budget deficit reached 4.6 trillion rubles, exceeding the 3.8 trillion rubles projected for the full year.
Revenues fell 8.2% to 8.3 trillion rubles, while spending rose 17% to 12.9 trillion rubles.
Oil and gas revenues dropped 45% to 1.4 trillion rubles, while non-oil and gas tax receipts rose 7.1% to 6.9 trillion rubles.