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Federal budget deficit stands at 2.3% of GDP — Putin

Finance Materials 17 January 2023 17:06
Moscow, Russia TASS
Federal budget deficit stands at 2.3% of GDP — Putin

The deficit level of the Russian federal budget as of 2022 year-end is among the best across members of the Group of Twenty, President Vladimir Putin said.

Revenues of the national budget surged 10% to 27.8 trillion rubles ($404.7 bln), the Russian leader said.

"Our expenses moved up at higher rates and notably, by a quarter, and were above 31 trillion rubles ($451.4 bln). As a result, the deficit of the Russian federal budget amounted to 3.3 trillion rubles ($48.1 bln) or 2.3% of GDP," Putin said. "Such deficit level is among the best indicators across countries of the Group of Twenty," the head of state noted.

It is important "to keep the steady course of maintaining public finance stability," the President added.

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