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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.
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]
A day earlier, Russia's finance ministry released a report saying that the country's budget revenue in December was over 4 trillion rubles, or about $40 billion — a 28% increase compared to ...
In December 2022 long term investments stood at 4.3 trillion rubles, with liquid assets at 6.1 trillion rubles. [ 23 ] Previously holding liquid assets in US dollars, Euros, UK Pounds, Yen, Yuan and Gold, Russia began selling some Sterling and all the US dollars in the summer of 2021, [ 24 ] whilst buying Yuan to reach 30% and Euros to reach 40 ...
On Wednesday, the ruble consequently fell below the rate of 114 to a dollar, the lowest level since early March 2022. The Moscow daily Rossiyskaya Gazeta called it a “panic attack for Russia’s ...
The ruble that Elvira Nabiullina manages crashed through the psychological support of 100 to the U.S. dollar and on Monday is now worth less than a penny, the first time since March 23 of last year.
RDIF has invested and committed for this purpose 2.1 trillion rubles, of which RDIF invested 200 billion rubles and 1.9 trillion rubles came from co-investors, partners and banks. RDIF also attracted over $40 billion of foreign capital into the Russian economy through long-term strategic partnerships. [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). ... Chevron sees 1 million barrels per day from one of ...