EconomyRussia’s budget deficit reaches 2.5% of GDP as Kremlin says there is no cause for concern
Russia’s federal budget deficit reached 5.8 trillion rubles, or 2.5% of GDP, in the first eight months of 2026—1.5 times the level a year earlier and above the full-year target. Spending is growing faster than revenue, while oil and gas income has declined. The Kremlin calls the deficit a moving figure and says it poses no serious concern; authorities may use borrowing, reserves, or asset sales to cover it.
MMeduza★★★☆☆2026-09-09 13:20Original
Russia’s budget deficit reaches 2.5% of GDP as Kremlin says there is no cause for concern