Putin Says Russia's Budget Deficit Seen at 2% Even Under Conservative Oil Price Estimate
President Vladimir Putin told an economic meeting the fiscal gap remains manageable under current macroeconomic assumptions, according to Russian state news agency TASS.
Russian President Vladimir Putin said the country's budget deficit is projected at 2% of GDP even under a conservative oil price estimate, according to a report by Russian state news agency TASS.
Putin made the remarks while opening a meeting on the economy, TASS reported. He noted that this fiscal gap remains manageable given the current macroeconomic assumptions underpinning the government's budget planning.
The TASS report did not provide further details on the specific oil price assumption used in the projection or additional figures discussed during the meeting.
Russia's budget has faced pressure in recent years amid Western sanctions and fluctuations in global energy prices, with oil and gas revenues forming a significant share of state income.
TASS did not specify the date or full agenda of the economic meeting referenced in its report.
Sources
- Russia projects 2% budget deficit even under conservative oil price estimate — Putin — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Putin Congratulates South Ossetian President on Republic Day, Pledges Continued Support
Russian president says Moscow will continue assisting South Ossetia's authorities and people on key challenges, according to TASS
Russian Official Says Europe Facing "Largest Energy Crisis in History"
Kirill Dmitriev, a special representative of the Russian president, linked the claim to reported fuel supply disruptions in France, according to Russian state news agency TASS.
Two civilians killed in Ukrainian army attacks on DPR, Russian military says
Russia's defense ministry reports 31 attacks by Ukrainian forces on the Donetsk People's Republic in the past 24 hours.
United Russia Leads Preliminary Vote Count With Half of Ballots Processed
Russia's Central Election Commission reports early results showing the ruling party ahead, with the Communist Party in second place, according to TASS.
United Russia Leads Duma Election With Over 41% of Vote Counted
Russia's Central Election Commission reports early returns showing the ruling party ahead, followed by four other parties clearing the threshold for seats
Ukraine, Russia and US Said to Prepare New Round of Mediated Talks
Officials in Kyiv and Moscow indicate trilateral discussions could resume in October, though expectations for a breakthrough remain low.
Comments
Loading comments…