Russia stands by 2023 budget deficit plans of 2% of GDP -finance minister

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, Feb 17 (Reuters) - Russia plans to post a budget deficit in 2023 of 2% of gross domestic product (GDP), Finance Minister Anton Siluanov said on Friday, despite towering spending and slumping energy revenues contributing to a huge shortfall in January. Russia recorded a budget deficit of almost $25 billion in January, as expenditures soared and revenues slumped, in large part due to falling oil and gas revenues, the lifeblood of Russia's economy. (Reporting by Darya Korsunskaya; Writing by Alexander Marrow; Editing by Muralikumar Anantharaman)

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