Russia’s budget deficit hits $61 billion, already surpassing annual target by 30%

https://kyivindependent.com/russias-budget-deficit-hits-61-billion/

29 comments
  1. Those are rookie numbers, they gotta get those numbers up!

  2. something tells me a bunch of oligarchs going to be having some trouble with windows and tea in the coming weeks.

  3. Honey, it’s the daily “Russia will collapse any day now!” post.

    Fuck Russia but these articles are useless. People have been forecasting the collapse of the Russian economy since 2022 and nothing’s happened.

  4. If the Kremlin imposes price caps on certain staples, it could have three adverse consequences. First, the producers of those staples may divert to other crops, and thus reduce supply and put more pressure on prices. Second, a black market will arise and bring with it Crime and corruption. Third, the government will have to devote more people to monitoring pricing behavior, which will add nothing of value to the economy.

  5. Russia has under 500 billion dollars worth of debt. To put this in perspective that is lower than countries such as Canada, Belgium, Greece and most of the 1st world.

    Their debt to GDP ratio is around 25% which is also lower than most of the first world.

    Unfortunately I don’t think their deficit going up will impact them enough to stop the Ukraine War.

  6. This is why agent Krasnov is trying to rush a “peace” (aka capitulation of Ukraine).

  7. Amateur numbers. As of July, United States has a budget deficit of $1.3T.

  8. And Trump is about to save them. Next week they will happily announce that part of Ukraine is now Russia, sanctions lifted and everybody can buy russian oil/gas again as they please.
    The next war is coming faster than we think..

  9. The US is approaching 125% debt to gdp ratio. We are in a debt crises.

  10. Wow, Russia’s budget deficit is really something else, huh?

  11. You can thank Putin for bankrupting Russia on top of invading Ukraine and murdering lots of innocent men, women and kids.

  12. Well Putin can reach into his stolen grifted funds and put it back.

  13. It will start raining some Russian Billionaires from windows to make up the deficit

  14. Probably somewhat related to – besides oil, internet scams, porn actresses and the occasional inferior fighter jet, what does Russia export?

  15. Russia is putting up rookie numbers. The U.S. adds that much to its deficit before breakfast.

  16. Maybe Putin should have focused on educating Russia’s population, diversifying its economy, and reducing corruption rather than invading other countries. I guess that’s difficult when you’re a corrupt warmongering dictator.

  17. I don’t get it. If Russia conquered Ukraine tomorrow, no one would be impressed or awestruck or afraid in any meaningful way. They already proved that it took them everything they had minus nukes to take over their much smaller neighbor in again, almost every meaningful way.

    Prolonging this farce of a war doesn’t do anything except put more egg in the face of a once powerful nation. Just end it and save lives and money.

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