Business · Economy · 5 hrs ago
Russia’s budget deficit reached 2.3% of GDP in January-October
Russia’s federal budget deficit reached 5.2 trillion rubles from January through October 2026, equal to 2.3% of the country’s GDP.
A deficit means the government spent more than it received.
Spending rose 13.4% from a year earlier to 38.4 trillion rubles.
Revenue increased 11% to about 33.2 trillion rubles, but baseline oil and gas revenue declined, according to the Finance Ministry.
The ministry said higher spending on key priorities and lower oil and gas revenue pushed the budget away from its targeted structural balance.
The primary structural deficit is expected to be around 1.8% of GDP for the full year.
Russia’s federal budget deficit reached 5.2 trillion rubles, or 2.3% of GDP, from January to October 2026.
The Finance Ministry reported that federal budget revenue totaled 33,176 billion rubles, up 11% from the same period in 2025.
Expenditure for the first ten months was 38.4 trillion rubles, an increase of 13.4% year on year.
The ministry said higher spending on key priorities and lower baseline oil and gas revenues had required a deviation from targeted structural balance parameters.
- Who
- Russia’s federal budget.
- What
- The deficit reached 5.2 trillion rubles, or 2.3% of GDP, in January-October 2026.
- When
- January to October 2026.
- Where
- Russia.
- Why
- The Finance Ministry cited increased spending on key priorities and a decline in baseline oil and gas revenues.
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- Budget deficit
- 5.2 trillion rubles
- Deficit as share of GDP
- 2.3%
- Budget revenue
- 33,176 billion rubles
- Revenue increase
- 11% from January-October 2025
- Expenditure
- 38.4 trillion rubles
- Expenditure increase
- 13.4% year on year
What people are saying
Increased spending on key priorities coupled with a decline in baseline oil and gas revenues has necessitated some deviation from the targeted structural balance parameters.