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It was expected to rise to $21.7 billion in the year. 2016 budget revenues were estimated to be 13.7 trillion rubles (200 billion US dollars) or 17.5% of GDP, while spending is planned to be 16 trillion rubles (roughly 233 billion dollars) [1] or 20.5% of GDP. The budget deficit is thus 2.35 trillion rubles (33 billion dollars) or 3% of GDP. [2]
The 2024 budget expects revenues of 35 trillion rubles ($349 billion) with expenditure of 36.6 trillion, based on a Urals oil forecast of $71.30 per barrel, a 90.1 rubles to USD 1 exchange rate and inflation of 4.5%. Defence spending will double to 10.78 trillion, 29.4% of expenditure.
Tyumen Oblast has largest GRDP per capita in Russia of around US$ 54,000 while Ingushetia has lowest of around US$ 2,000. [1] In 2022 Moscow GRDP per capita reached US$ 32,000 while Saint Petersburg stood at US$ 29,000. [1] Federal subjects of Russia by GRDP per capita in EUR (2021) Federal subjects of Russia by GRDP per capita in RUB (2022) [1]
The budget foresees spending in 2024 of 36.6 trillion rubles ($415 billion) with an expected deficit of 1.595 trillion rubles ($9.5 billion).
Due to the ongoing crisis the planned 33% increase had to be reduced to 25.6%, meaning the 2015 Russian military budget totalled 3.1 trillion rubles. The originally planned 3.36 trillion budget for 2016 was also reduced to a planned budget of 3.145 trillion rubles, an increase of only 0.8% over 2015. [7]
By mid-1992, when the amount of unpaid interenterprise loans had reached 3.2 trillion rubles (about US$20 billion), the government froze interenterprise debts. Shortly thereafter, the government provided 181 billion rubles (about US$1.1 billion) in credits to enterprises that were still holding debt. [citation needed]
Russia has fined Google an eye-popping 20 undecillion rubles ($2.5 decillion) for removing Russian state-run and government YouTube channels in the wake of the country’s invasion of Ukraine in 2022.
Here are a few things worth $1 trillion: Tech company Apple — if you sliced it in one-third. A $1,000 iPhone for 1 billion people. Over 4 million “average” homes in the U.S.