The federal budget of Russia recorded a deficit of 5.73 trillion… (трлн · бюджет · млрд)
The federal budget of Russia recorded a deficit of 5.73 trillion rubles in the first half of 2026, driven by higher expenditures and reduced oil and gas revenues, according to data from the Ministry of Finance. The deficit was significantly larger than in the same period of the previous year.
Consensus
- The federal budget of Russia had a deficit of 5.73 trillion rubles in January-June 2026.
- The deficit in the first half of 2026 was higher than in the same period of 2025 by approximately 2.345–2.35 trillion rubles.
- Expenditures for the federal budget increased significantly, with government procurement rising by 47.4% year-on-year.
- Oil and gas revenues declined by about 22.7% compared to the same period in 2025.
- Non-oil and gas revenues grew by 16.3% year-on-year.
- The Ministry of Finance attributes the high deficit partly to 'accelerated financing' of expenditures, including early contract signing and advance payments.
- The budgetary system's stability is maintained through the budget rule mechanism and use of funds from the National Wealth Fund.
Points of divergence
- The consolidated federal budget deficit for January-May 2026 was 5.9269 trillion rubles, with expenditures at 20.7143 trillion and revenues at 14.7874 trillion. — interfax
- The consolidated budget of Russia (including federal, regional, and extrabudgetary funds) had a deficit of 4.959 trillion rubles in January-May 2026. — interfax
- Oil and gas revenues fell by 22.7% year-on-year to 3.66 trillion rubles, with basic oil and gas revenues declining by 14.8% to 3.83 trillion rubles. — tg_astrapress
- The President of Russia stated on June 5 that the country's state debt level is 16.4% of GDP, and that 65% of export operations are conducted in rubles. — vm
Coverage (4 sources)
- Russia's consolidated budget deficit in Jan-May grew to 4.959 trillion rubles — Интерфакс
- Russia's federal budget deficit rose to $570 billion in six months as oil and gas revenues dropped nearly 23%... — ASTRA
- Russia's budget deficit for the first half of 2026 reached 5.7 trillion rubles — Вечерняя Москва
- Russia's budget deficit in the first half of the year amounted to 5.7 trillion rubles, or 2.5% of GDP — Интерфакс