Overview

• The federal deficit totaled 3.787 trillion rubles for January–September 2025, equal to 1.7% of GDP, according to Finance Ministry materials.
• The year‑to‑date shortfall is 4.365 trillion rubles wider than a year earlier, when the deficit stood at 578 billion rubles, or 0.3% of GDP.
• Federal spending reached 30.725 trillion rubles over the period, up 19.5% year over year.
• Total revenues rose 2.5% to 26.938 trillion rubles, with non‑oil‑and‑gas receipts up 13% from the prior year.
• The government projects a full‑year deficit of 5.7 trillion rubles (2.6% of GDP) under amended 2025 parameters, with a structural primary balance targeted at 1.3% of GDP and execution described as consistent with structural‑deficit goals.