Darya Korsunskaya

1 week ago | gurutrade.com | Darya Korsunskaya |Andrew Osborn |Chizu Nomiyama |William Maclean

MOSCOW, May 7 (Reuters) - Russia ran a budget deficit of 3.2 trillion roubles ($39.6 billion), or 1.5% of gross domestic product, in the first four months of the year, the finance ministry said on Wednesday, citing preliminary data. The figure compares with a deficit of 0.6% of GDP in the same period of last year. The ministry said that advance payments to finance budget expenditure in January were behind the increase.

1 week ago | marketscreener.com | Darya Korsunskaya |Gleb Bryanski

MOSCOW (Reuters) -The Russian government plans to tap its fiscal reserves for 447 billion roubles ($5.51 billion), or about 1/10th of their liquid assets, to balance the budget in 2025 after a threefold increase in the deficit, the finance minister said on Tuesday. The finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product last week from 0.5% after reducing the energy revenues forecast by 24% due to expectations of a prolonged period of low oil prices.

2 weeks ago | marketscreener.com | Darya Korsunskaya |Gleb Bryanski

MOSCOW (Reuters) -Russia's finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product (GDP) on Wednesday from 0.5% after reducing the energy revenues forecast by 24% due to expectations of a prolonged period of low oil prices. The ministry lowered the 2025 oil and gas revenues forecast to 8.32 trillion roubles ($101.47 billion) or 3.7% of GDP from 10.94 trillion roubles or 5.1% of GDP. It also increased the 2025 spending plan by 830 billion roubles.

3 weeks ago | marketscreener.com | Olesya Astakhova |Darya Korsunskaya

MOSCOW (Reuters) -Russia needs to boost its fiscal reserves in the face of global turbulence to ensure at least a three-year coverage of budget spending if the oil price remains low for an extended period, Finance Minister Anton Siluanov said on Wednesday. Currently, the budget rule stipulates that oil revenues above the 'cut-off' price of $60 per barrel are sent to the rainy day National Wealth Fund (NWF). The liquid part of the fund, held in cash, is then used to cover budget shortfalls.

3 weeks ago | kfgo.com | Darya Korsunskaya

By Darya KorsunskayaMOSCOW (Reuters) -Russia has cut its forecast for 2025-2027 oil and gas export revenues, a key source of funding for the state budget, due to weaker oil prices, seeing the proceeds falling by 15% this year, according to an economy ministry document seen by Reuters. The revision puts additional strain on the budget, already saddled with high defence spending on the war in Ukraine. U.S. President Donald Trump said this year lower oil prices could help end the war in Ukraine.