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Russia’s budget deficit may reach $24.61 bln in January

"According to preliminary estimates, the volume of federal budget revenues in January 2023 amounted to 1.356 trillion rubles, which is 35% lower than the volume of revenues in January 2022," the Ministry of Finance says

MOSCOW, February 6. /TASS/. Russia’s federal budget deficit may amount to 1.76 trillion rubles ($24.61 bln), according to preliminary estimates of the Ministry of Finance.

"According to preliminary estimates, the volume of federal budget revenues in January 2023 amounted to 1.356 trillion rubles, which is 35% lower than the volume of revenues in January 2022," the ministry said on Monday.

The preliminary volume of expenditures of the Russian budget in January reached 3.117 trillion rubles ($43.58 bln), exceeding the figures for the same period last year by 59%.

The ministry also added that oil and gas revenues of the Russian budget, according to preliminary data, amounted to 426 bln rubles ($5.96 bln) in January 2023 and decreased by 46% compared to January 2022.

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