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Russia's Money Woes: A Look at the 2025 Budget Deficit

January 20, 2026

Russia's 2025 budget deficit hit a significant 2. 6% of GDP, the largest gap since 2020. This means the country spent more than it earned, leading to a shortfall of 5. 6 trillion roubles. To put that into perspective, that's about $72. 12 billion. The main reason for this deficit? Oil and gas reven

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