Russia ran a budget deficit of 3.2 trillion roubles ($39.6 billion), or 1.5% of gross domestic product, in the first four ...

The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over ...

MOSCOW (Reuters) -Russia ran a budget deficit of 3.2 trillion roubles ($39.59 billion), or 1.5% of gross domestic product, in the first four months of the year, the finance ministry said on ...

The Russian government plans to increase personal income tax by 180%, corporate income tax by 110%, and VAT by 17%.

Russian Finance Minister Anton Siluanov said Tuesday that the budget deficit will increase because of falling oil and natural ...

The Russian government plans to use its fiscal reserves for 447 billion rubles ($5.51 billion), or about one-tenth of its ...

The Russian Finance Ministry more than tripled its budget deficit target for this year after expectations for revenue and the ...

But Russian officials have highlighted that the country's overall deficit was 2.09 trillion rubles (£19.2billion) less than during the same period last year. "According to the preliminary ...

Russia had originally projected an additional 1.8 trillion rubles in oil and gas revenue would be funneled into the wellbeing ...

The Russian Finance Ministry has significantly raised its 2025 budget deficit estimate to 1.7 percent of gross domestic ...