After months of budget surpluses thanks to soaring energy prices and a windfall tax on state giant Gazprom, Russia could see a huge budget deficit in December, to the tune of $55.2 billion (3.5 trillion Russian rubles), as its spending typically rises towards the end of each year, analysts say. This would be significantly more than the roughly $9 billion surplus that Russia posted between January and November. Russia has guided for an annual budget deficit of 2% of GDP this year, and in order to meet that target, the country will have to spend…
Hence then, the article about russia to post a massive 55 billion budget deficit in december was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Russia To Post A Massive $55 Billion Budget Deficit In December )