Russia recorded a Government Budget deficit equal to 3.80 percent of the country's Gross Domestic Product in 2020. source: Ministry of Finance of the Russian Federation

Government Budget in Russia averaged 0.98 percent of GDP from 1994 until 2020, reaching an all time high of 9.88 percent of GDP in 2005 and a record low of -7.90 percent of GDP in 2009. This page provides - Russia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Government Budget - values, historical data and charts - was last updated on November of 2021.

Government Budget in Russia is expected to reach -1.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Government Budget is projected to trend around -0.50 percent of GDP in 2022 and -0.70 percent of GDP in 2023, according to our econometric models.

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Russia Government Budget

Related Last Previous Unit Reference
Government Budget -3.80 1.80 percent of GDP Dec/20
Government Debt 16007.07 15947.31 RUB Billion Oct/21
Russia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.