Crisis Close: Russia is increasing the budget deficit in a record rate

Judging from the data, in 2022 the Russian budget surplus amounted to 1. 13 trillion rubles, but since then significant costs for the war against Ukraine and Western sanctions on the most important export supply of oil and gas have been severely damaged by the Kremlin's revenues. According to the Ministry of Finance, the total state revenues of Russia in the first quarter decreased by 20. 8% compared to 2022 and amounted to 5. 7 trillion.

rubles, against the background of reducing energy from energy by 45% - up to 1. 64 trillion. At the same time, the costs increased to 8. 1 trillion rubles. In March 2023, a surplus of 181 billion rubles was recorded in Russia after a shortage of 821 billion rubles in February and 1. 76 trillion rubles in January. At the same time, according to Interfax, the federal budget revenues in 2023 are planned at 26 trillion 130. 3 billion rubles, costs - 29 trillion 55. 6 billion rubles.

On April 6, 2023, the lowest value was recorded on Mosbirz, since last April. Yes, the Russian national currency has fallen against the dollar to 80 rubles. PSB analyst Yegor Zhilnikov told Interfax reporters that several factors influence the situation with ruble. For example, delays in export flows, as well as the renewal imports into the territory of Russia.

In addition, in the territory of the Russian Federation there is an increased demand for currency from banks, so a spike in the volume of operations of swap with Central Bank has begun. "Third, it is a further reduction in the Ministry of Finance of currency in the background of growth of oil quotes," he said. It was reported that the war in Ukraine will continue to destroy the Russian economy, and by 2026 it will lose $ 190 billion.