Russia's Finance Ministry Projects Lower Budget Deficit for 2027
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Russia's finance ministry has proposed a budget for 2027 with a projected deficit of 2.2% of GDP, down from an expected 3% in 2022. The budget, unveiled at the end of last week, anticipates revenues to rise by 7.5%, barely keeping pace with inflation. However, these projections have historically been optimistic and may not align with reality.
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