Deripaska warned of a possible decrease in budget revenues by 12 trillion rubles
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Russian businessman Oleg Deripaska warned of risks for Russia from falling commodity prices. He predicts that next year, with a significant decline in prices for export goods, the budget may lose 10–12 trillion rubles.
“What the world calls a “soft landing” continues, prices for all commodity commodities are declining. And we have a record tax collection this year of 46 trillion rubles. already in the next year the income situation will look like hitting the butt on ice,” Mr. Deripaska wrote in Telegram channel.
According to the entrepreneur, the budget may lose trillions of rubles, “not least because of suppressed economic growth and the tyranny of state capitalism, which raises prices for all its products and services, pulling subsidies and subsidies from the budget.” “In general, it’s a trap… the only way out of it is serious economic changes, for which, apparently, there is no will yet,” Mr. Deripaska added.
The budget deficit for nine months amounted to 1.7 trillion rubles. with income of 19.73 trillion rubles. and expenses in the amount of 21.43 trillion rubles, reported formerly the Accounts Chamber. Revenues decreased by RUB 5.7 billion. (0.03%) compared to the same period. Oil and gas revenues increased by 1.5 times, mainly due to a decrease in the average price of Urals oil and natural gas. Non-oil and gas revenues increased by 26%.
About the budget for 2024 and the planning period 2025–2026 – in the material of Kommersant “Senators were inspired by the budget”.
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