Budget expenditures in October exceeded revenues, but the deficit remained below the plan.
The Ministry of Finance published a monthly budget report for the months of January - October this year. Revenues for the period increased by almost 11%. The revenues that are not from oil and gas are in a considerable increase, including through the collection of VAT (+27.8%). Revenues from oil and gas are still in the red, the rate of decline has slowed down a bit.
Expenses increased by 13.4%, precisely in October the budget was in deficit. Against this background, the total deficit for 10 months increased to ₽5.234 trillion; The projected deficit for 2026 is ₽7.345 trillion. At the end of the year, spending is traditionally accelerated due to the distribution of remaining funds, settlement of government contracts and advanced funding.