INSUBCONTINENT EXCLUSIVE:
Russia has more than tripled its 2025 budget deficit forecast to 1.7% of GDP, up from a previous estimate of 0.5%, citing falling oil prices
rubles ($14.3 billion), or 0.5% of GDP
Its latest revision, published late Wednesday, now expects the deficit to reach 3.79 trillion rubles ($46.2 billion), or 1.7% of GDP.Budget
revenues are forecast to drop to 38.5 trillion rubles from 40.3 trillion rubles, while spending will rise to 42.3 trillion rubles from 41.5
deficit, which also amounted to 1.7% of GDP, or 3.49 trillion rubles
rubles ($55 billion).The ministry also cut the average oil price in its budget calculations to $56 per barrel from $69.70, lowering
