Russia Federal Budget Gap Keeps Climbing

2026-06-08 09:09 By Luisa Carvalho 1 min. read

The Russian federal government posted a budget deficit of RUB 6.01 trillion in January-May 2026, or 2.6% of the GDP, up from RUB 3.03 trillion in the same period a year ago, according to preliminary estimates.

This marked the largest budget gap since at least 1996, as federal expenditures soared by 17% year-on-year to RUB 20.79 trillion while revenues rose by only 0.3% to RUB 14.78 trillion.



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Russia Federal Budget Gap Keeps Climbing
The Russian federal government posted a budget deficit of RUB 6.01 trillion in January-May 2026, or 2.6% of the GDP, up from RUB 3.03 trillion in the same period a year ago, according to preliminary estimates. This marked the largest budget gap since at least 1996, as federal expenditures soared by 17% year-on-year to RUB 20.79 trillion while revenues rose by only 0.3% to RUB 14.78 trillion.
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The Russian federal government posted a budget deficit of RUB 3.449 trillion in January-February 2026, or 1.5% of the GDP, up from RUB 2.701 trillion in the same period a year ago, according to preliminary estimates. Federal revenues slipped by 10.8% year-on-year to RUB 4.767 trillion while expenditures rose by 5.8% to RUB 8.216 trillion.
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