Economics

The state budget of Russia has been reduced to a deficit for the first time since February 24

Since the beginning of the war, budget expenditures of the Russian Federation have increased by 35%.

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For the first time since the beginning of the war, the July budget of the Russian Federation was drawn up with a deficit. And not just a few million, but at once almost 900 billion rubles. Yulia Samaeva, the editor of the economics department of ZN.UA, writes about this in the article “The economy of the Russian Federation has finally shaken”.

Since the beginning of the war, budget expenditures have increased by 35% and will continue to increase. The trend is somewhere plus 150 billion rubles. monthly. So, already in October, unplanned expenses will exceed a trillion rubles, and by December they will amount to almost 1.5 trillion. Then the Russians will finally have to reach into the coffers of the national welfare fund to finance all expenditure items.

Yes, the Ministry of Finance of the Russian Federation has closed data on expenditure items so that we, God forbid, do not find out that a terrorist country spends everything it has on war. But in fact, even a cursory knowledge of arithmetic is enough to understand that since March Russian expenditures have increased by 650 billion rubles, of which about 500 billion are military expenditures, and 150 billion are the rest.

Read also: The crisis in In Russia: Since February, the banks of the Russian Federation have restructured more loans than during the pandemic

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Other materials by Yulia Samaeva, editor of the economics department of ZN.UA, can be found at the link.


Source: ZN

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