Russia's Budget Gap Widens as Oil Revenue Drops for Third Month
Russia's federal budget deficit surged in April as declining oil revenue and rising military spending continue to strain government finances.
The monthly shortfall reached 1.05 trillion rubles ($13 billion) after being in surplus a month earlier, according to Bloomberg calculations based on data from the Finance Ministry. That brings the cumulative deficit for the first four months of the year to 3.2 trillion rubles — nearly triple the level recorded over the same period in 2024.
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