Story perspectives

Fiscal deficit hits 2.8% as borrowing costs soar

By Drooid · Sep 18, 2026, 2:50 PM UTC · How we work

Summary

Story summary

The Russian government raised taxes and borrowed, pushing the fiscal deficit to 2.8% of GDP.
Reserve fund fell to 1.6% of GDP, increasing reliance on domestic banks.
Bond interest rates climbed to 17%, raising civilian borrowing costs.
Oil earnings reached $15.8 billion in June and $13.8 billion in July.
Consumer sentiment index dropped to 94, down from 116 in 2025.

1 of 1

Story summary

The Russian government raised taxes and borrowed, pushing the fiscal deficit to 2.8% of GDP.
Reserve fund fell to 1.6% of GDP, increasing reliance on domestic banks.
Bond interest rates climbed to 17%, raising civilian borrowing costs.
Oil earnings reached $15.8 billion in June and $13.8 billion in July.
Consumer sentiment index dropped to 94, down from 116 in 2025.