The war of aggression he ordered in Ukraine caused government spending to rise sharply.
(Photo: via REUTERS)
Chisinau The cost of the war of aggression against Ukraine and the subsequent sanctions are taking a heavier toll on Russia’s budget every month. By the end of April, the deficit for the current year is already 3.4 trillion rubles – the equivalent of around 39.8 billion euros. This emerges from current figures published by the Russian Ministry of Finance in Moscow on Wednesday evening.
This means that the maximum deficit of 2.9 trillion rubles for the whole of 2023 has already been clearly broken. In the same period last year, the Russian state posted a surplus of 1.16 trillion rubles.
On the one hand, the reason is falling income for the Russian state, because energy exports have fallen, especially to Europe, and with them the taxes that companies pay on their income from it. In the first four months of the year, the Russian state took 22.4 percent less.
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