Russia sees 2026 budget deficit at 3 percent of GDP
Russia expects its 2026 budget deficit to reach 3 percent of GDP due to rising expenditures for military action in Ukraine. Finance Minister Anton Siluanov stated that the government plans to increase state borrowing to finance the shortfall.
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Russia expects its budget deficit to reach 3% of GDP in 2026, driven by rising military expenditures in Ukraine. The projected shortfall is nearly double initial targets as Moscow expands defense spending. Higher crude prices, including gains in Brent Crude Oil, have helped boost export revenues, but mounting costs continue to strain state finances.
