Russia runs budget deficit as defence spending rises

miércoles, 11 de enero de 2023

Russia swung from a budget surplus to a deficit last year, officials said Tuesday, as authorities boost defence spending amid Moscow's assault on Ukraine. The deficit reached 3.3 trillion rubles ($47 billion), or 2.3 percent of gross domestic product, Finance Minister Anton Siluanov told a government meeting. Russia ran a budget surplus in 2021. Siluanov said that compared to 2021,

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