Siluanov: Russian budget revenues may increase in 2023 and 2024
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Russian Finance Minister Anton Siluanov said that the country’s budget revenues in 2023-2024. may increase.
“Now we have better macroeconomics and we see that this year it will be better with income and better next year. Therefore, the costs will increase,” the minister said (quote according to TASS). He noted that growth in non-oil and gas revenues is expected in the next two years.
At the end of June, Russian Prime Minister Mikhail Mishustin said that more and more revenues to the Russian budget come from non-primary industries. The Prime Minister noted that despite the difficult external conditions, a significant part of the positive dynamics was maintained.
In December last year, Russian President Vladimir Putin signed law on the federal budget for 2023-2025 According to the law, in 2023 budget revenues will amount to 26.1 trillion rubles, and expenses – 29 trillion rubles. In 2024 and 2025, revenues are expected at the level of 27.2 trillion rubles. and 27.9 trillion rubles, and the costs will amount to 29.4 trillion rubles. and 29.2 trillion rubles.
It was noted that throughout this period the budget will be in deficit, while the deficit will gradually decrease. In 2023, it will amount to 2.9 trillion rubles. (2% of GDP), in 2024 – 2.2 trillion rubles. (1.4%), in 2025 – 1.3 trillion rubles. (0.7%).
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