Russia's PM sees budget deficit at 2% of GDP in 2023 | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Russia's PM sees budget deficit at 2% of GDP in 2023

Global Economy

Reuters
20 September, 2022, 07:05 pm
Last modified: 20 September, 2022, 07:04 pm

Related News

  • Plane with 50 aboard crashes in Russia's far east, no survivors
  • UK discovers Russian 'espionage tool', sanctions GRU officers over cyberattacks
  • Tsunami alert after powerful quakes strike off coast of Russia: USGS
  • Russia seizes $150m cocaine haul hidden in banana shipment
  • Iran to hold talks with Chinese, Russian partners at summit

Russia's PM sees budget deficit at 2% of GDP in 2023

Reuters
20 September, 2022, 07:05 pm
Last modified: 20 September, 2022, 07:04 pm
Russia's Prime Minister Mikhail Mishustin delivers a speech during a session of the State Duma, the lower house of parliament, in Moscow, Russia April 7, 2022. Sputnik/Dmitry Astakhov/Pool via REUTERS
Russia's Prime Minister Mikhail Mishustin delivers a speech during a session of the State Duma, the lower house of parliament, in Moscow, Russia April 7, 2022. Sputnik/Dmitry Astakhov/Pool via REUTERS

Prime Minister Mikhail Mishustin said on Tuesday Russia's budget deficit would come in at 2% of gross domestic product in 2023 before narrowing to 0.7% in 2025.

In televised remarks, Mishustin said the budget gap would be covered mainly by borrowing. Last week, the Finance Ministry returned to local debt markets for the first time since Russia sent tens of thousands of troops into Ukraine, triggering unprecedented Western sanctions that have locked Moscow out of international debt markets.

Mishustin's prediction that Russia would run a budget deficit for at least the next three years came just two weeks after President Vladimir Putin said Russia would post a surplus in 2022, contrary to most expectations. 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Mishustin estimated government revenues of around 26 trillion roubles ($433.6 billion) versus outlays of 29 trillion roubles for 2023 ($483.7 billion).

The government deficit will come in at 1.4% of GDP in 2024, falling to 0.7% of GDP in 2025, Mishustin said.
($1 = 59.96 roubles)

World+Biz

Russia / Russia economy / Russia GDP

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Russian An-24 aircraft after a regional passenger plane goes missing in Siberia. Photo: Screen grab/Reuters
    Plane with 50 aboard crashes in Russia's far east, no survivors
  • Pay Commission formed to revise salary structure of employees under National Pay Scale
    Pay Commission formed to revise salary structure of employees under National Pay Scale
  • 2 Milestone teachers, who died trying to save students, to be given state honour: Govt
    2 Milestone teachers, who died trying to save students, to be given state honour: Govt

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
    BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 

Related News

  • Plane with 50 aboard crashes in Russia's far east, no survivors
  • UK discovers Russian 'espionage tool', sanctions GRU officers over cyberattacks
  • Tsunami alert after powerful quakes strike off coast of Russia: USGS
  • Russia seizes $150m cocaine haul hidden in banana shipment
  • Iran to hold talks with Chinese, Russian partners at summit

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

13h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

Bangladesh Bank withdraws dress code guidelines

Bangladesh Bank withdraws dress code guidelines

40m | TBS Today
Thai-Cambodian troops clash over disputed border

Thai-Cambodian troops clash over disputed border

1h | TBS World
Former chief justice Khairul Haque detained

Former chief justice Khairul Haque detained

2h | TBS Today
Why are there renewed tensions between Iran and Israel?

Why are there renewed tensions between Iran and Israel?

3h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net