Russia's economy runs fifth straight budget deficit amid sanctions and Ukraine war - Cryptopolitan
www.cryptopolitan.com
Russia is heading into its fifth straight year of running a budget deficit, as war spending and weak revenue continue to slam its finances.

Archived version

  • Russia will run a 4.6 trillion ruble budget deficit in 2026, its fifth in a row, due to falling revenue and war spending.
  • The VAT rate will rise to 22% next year, and more companies will be forced to pay it to boost revenue.
  • Russia plans to borrow 2.2 trillion rubles and scrap tax breaks for small businesses to cover the widening gap.