Russia's 2022 budget deficit accounts for 2.3% of GDP: Finance Minister

Russia's budget deficit accounted for 2.3 per cent of the country's gross domestic product (GDP) in 2022, Finance Minister Anton Siluanov said

Russia
Representative Image
IANS Moscow
1 min read Last Updated : Jan 11 2023 | 1:16 PM IST

Russia's budget deficit accounted for 2.3 per cent of the country's gross domestic product (GDP) in 2022, Finance Minister Anton Siluanov said.

"We increased borrowings on the financial markets, which led to a higher budget deficit at 3.3 trillion rubles ($47.4 billion) or 2.3 per cent of the GDP," he said at a government meeting.

The Minister added that total budget revenues amounted to almost 28 trillion rubles, which was 2.8 trillion rubles more than that was originally planned, reports Xinhua news agency.

"Despite the geopolitical situation, despite the restrictions and sanctions, we have fulfilled all of the planned tasks," he said.

--IANS

ksk/

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :RussiaRussia Ukraine ConflictGDP

First Published: Jan 11 2023 | 1:16 PM IST

Next Story