Russia's Budget Deficit to Reach 3% of GDP in 2023, Says Siluanov
Russian Finance Minister Anton Siluanov has announced that the country's budget deficit for 2023 is expected to reach 3% of GDP, almost double the initially planned deficit of 1.6%. This is primarily due to increased spending on defense and security, as well as fuel imports. The government aims to reduce the deficit to approximately 2% of GDP in 2024.32 sourcesSee all sources