Russia’s Budget Deficit Reached 2.5% of GDP Since the Start of the Year. Kremlin Says that’s No Cause for Concern.
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Russia’s budget deficit reached 2.5% of GDP since the start of the year. Kremlin says that’s no cause for concern.
Russia’s federal budget deficit reached 5.8 trillion rubles, or 2.5% of GDP, over the first eight months of 2026, according to a preliminary estimate from the Finance Ministry, one and a half times more than in the same period last year. Authorities had projected a full-year deficit of just 3.8 trillion rubles, or 1.6% of GDP.
The Kremlin said that the budget deficit is a "moving figure"
The Kremlin said that the budget deficit is a "moving figure. " According to Dmitry Peskov, the issue of raising taxes due to budget figures is not on the agenda right now.This is how the press secretary of the President of Russia answered a...
Russia's macroeconomic stability, despite its budget deficit, remains secure, and there are no reasons for great concern to citizens, said Russian President Dmitry Peskov's press secretary. Russia's leadership continues to ensure macroeconomic sustainability even under current budget parameters, reported Peskov, transmitting TASS. "This figure (the budget deficit indicator – see TASS) is not an indicator that should be of any great concern," he …
The Russian Federation ' s federal budget in January and August 2026, according to preliminary data, was implemented with a deficit of 5.795 trillion roubles, or 2.5 per cent of GDP.
In the Kremlin, he did not consider raising taxes because of the increase in fiscal deficits, said Russian President Dmitry Peskov's press secretary, transmitting "Interfax" on 9 September.
Russia ' s macroeconomic stability is also ensured with the current budget deficit, as reported by President Dmitry Peskov ' s press secretary at the briefing.
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