Russia’s 2025 Federal Budget Closes With 2.6% of GDP Deficit, Preliminary Finance Ministry Data Show
The ministry says the outcome matches the revised budget law, signaling adherence to fiscal targets.
Overview
- The ministry’s preliminary estimate puts the 2025 federal deficit at 5.645 trillion rubles, equal to 2.6% of GDP.
- Budget revenues totaled 37.28 trillion rubles, up 1.6% from 2024, while expenditures rose 6.8% to 42.93 trillion rubles.
- The non‑oil‑and‑gas deficit was assessed at 6.5% of GDP, improving from 7.3% in 2024.
- The primary structural deficit measured 1.2% of GDP, staying within the 1.3% policy target.
- Spending execution reached 99% of the approved plan, and government debt was reported at 16.1% of GDP.