In the budget law, the planned deficit was scheduled to reach 2.9 trillion rubles. In the end, the percentage was more than 10 percent. higher.
As wyrcza.biz wrote, the Kremlin is trying to grind reality and use optimistic rhetoric. For example, the deficit is actually smaller, at just 1.9%. GDP, according to the plan, was supposed to be 2%.
The gap is large, despite Putin and his aides tightening the noose around him. This relates to taxes on oil companies, which increased in 2023.
In addition, the situation on the world market was favorable for Russia. The Kingdom of Saudi Arabia was in favor of reducing production within OPEC, which led to higher prices for raw materials.
See also: Putin's birth scene propaganda. He got a question from the pensioner and started apologizing
Memo that Budget revenues from oil taxes were about a quarter lower than they were a year ago. Then, when Putin attacked Ukraine, oil prices on global markets jumped even further, and Russia benefited from this.
In addition, there is a devaluation of the ruble, which in turn increases inflation and the cost of living in Russia. There has been a lot of talk recently about the egg crisis, which the Russian president had to deal with heroically.
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