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Russia's Budget Gap Widens as Oil Revenue Drops for Third Month

Russia's Budget Gap Widens as Oil Revenue Drops for Third Month

Bloomberg07-05-2025
Russia's federal budget deficit surged in April as declining oil revenue and rising military spending continue to strain government finances.
The monthly shortfall reached 1.05 trillion rubles ($13 billion) after being in surplus a month earlier, according to Bloomberg calculations based on data from the Finance Ministry. That brings the cumulative deficit for the first four months of the year to 3.2 trillion rubles — nearly triple the level recorded over the same period in 2024.
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