Russia budget deficit reaches highest level since 2020 as oil revenues collapse
The Russian Finance Ministry reported a 2025 budget deficit of 5.6 trillion roubles as oil and gas revenues plummeted. This is the highest level since 2020.
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The Russian 
RUFinance Ministry announced on Monday, January 19, 2026, that the federal budget deficit reached 5.6 trillion roubles in 2025. This shortfall, which equates to approximately $72.12 billion, represents 2.6% of the gross domestic product. According to the ministry, this is the highest deficit recorded for Russiasince 2020 as a percentage of GDP and the largest in absolute rouble terms since 2006.
RUFinance Ministry announced on Monday, January 19, 2026, that the federal budget deficit reached 5.6 trillion roubles in 2025. This shortfall, which equates to approximately $72.12 billion, represents 2.6% of the gross domestic product. According to the ministry, this is the highest deficit recorded for Russiasince 2020 as a percentage of GDP and the largest in absolute rouble terms since 2006.
