Russia Sees 2027 Deficit at 2% of GDP
Russian President Vladimir Putin projects the 2027 budget deficit at two percent of GDP. The forecast relies on conservative oil price assumptions while energy revenues rise.
Insights:
Russia projects its 2027 budget deficit at 2% of GDP, based on a conservative oil price assumption of $50 per barrel. The fiscal forecast was outlined by President Vladimir Putin during an economic meeting on Thursday afternoon. The projection underscores Moscow's reliance on energy exports to stabilize public finances.
