How war spending has left a huge gap in russia’s budget
russia’s federal budget deficit is rapidly increasing. In just two months, the regime has spent over 8 trillion rubles ($90 billion). Meanwhile, revenues are failing to cover expenditures—in just one month, the budget deficit reached 1.3% of GDP, which is twice the amount planned for the entire year.
This surge is primarily due to advance payments for military contracts. russian authorities claim the situation will stabilize and that by the end of the year, budget revenues will exceed expenditures. However, analysts from major russian corporations estimate that the annual budget deficit will be higher than the government’s projections.
Despite the russian regime’s empty claims about its ability to wage war indefinitely, the growing federal budget deficit highlights severe problems in russia’s economy.
