Russia's federal budget deficit for 2025 turned out to be around 26% higher than officially reported, reaching approximately 3.6% of GDP. Source: Intelligence data from Germany's Federal Intelligence ...
“The hole in the treasury widened by 1.3 trillion rubles in April, bringing the accumulated budget deficit since the start of the year to 5.88 trillion rubles, or 2.5% of GDP — double the level ...
MOSCOW (Reuters) -Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy creaking under the weight of financing the more than ...