The Russian federal budget deficit in the months of January-October amounted to 5.23 trillion rubles.
According to preliminary estimates by the Ministry of Finance, the budget revenues for ten months amounted to 33.18 trillion rubles, which is 11% higher than the corresponding period last year. Non-oil and gas revenues increased by 19.1% (to 26.73 trillion rubles), while oil and gas revenues decreased by 14.1% (to 6.44 trillion rubles).
The volume of expenses for ten months reached 38.41 trillion rubles, an increase of 13.4% in annual terms.
"Increasing costs to finance key priorities, along with a reduction in basic revenues from oil and gas, required a certain deviation from the target parameters of the structural balance," said the department.