Opinion
Russia spends more than it can: budget failure in June
The economic basis of the Russian military machine is looking worse and worse

Yurii Haidai
member of the Council of Public Oversight at the Bureau of Economic Security
The deficit of the consolidated budget of the Russian Federation in the first half of the year is 5 trillion rubles with revenues of less than 34 trillion rubles. Almost 15%. Especially considering that half of this deficit was accumulated in June.
Nominal income growth is slower than inflation – expected, but still nice.
In general, the dynamics look like a last ditch effort – revenues are stagnating, and the deficit is going up vertically due to expenditures.
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