Russia recorded a government budget deficit equal to 2.30 percent of the GDP in 2022, the second largest on record, surpassed only by a 4 percent gap recorded in 2020, at the height of the coronavirus pandemic. The total budget deficit amounted to RUB 3.3 trillion with the spending reaching 31.11 trillion rubles as expenses related to the war in Ukraine surged and revenues from commodities exports fell due to sanctions. source: Ministry of Finance of the Russian Federation
Government Budget in Russia averaged 0.85 percent of GDP from 1994 until 2022, reaching an all time high of 9.88 percent of GDP in 2005 and a record low of -7.90 percent of GDP in 2009. This page provides - Russia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Government Budget - values, historical data and charts - was last updated on August of 2023.
Government Budget in Russia is expected to reach -2.60 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Government Budget is projected to trend around -2.30 percent of GDP in 2024 and 0.20 percent of GDP in 2025, according to our econometric models.