The Russian budget is losing billions: revenues from oil and gas have collapsed by 27%.

Reduction in Russia's budget revenues

According to inkorr.com: According to the statistics from the Ministry of Finance of the Russian Federation, the federal budget is suffering losses due to a decrease in revenues from oil and gas. In October, the budget received 4% less funds compared to last year, which indicates a significant slowdown in economic activity.

Decrease in budgetary revenues

Moreover, a sharp drop in revenues from raw materials by 27% led to an overall reduction in budgetary revenues by 12% year-on-year, confirming a general economic crisis.

Deterioration in industry

The situation in key sectors of the economy has also negatively affected the budget deficit. The growth of gross domestic product (GDP) in the third quarter decreased to 0.6%, and industrial production volumes increased by only 0.5%, while civil sectors began to cut production of essential goods.

Problems in industry

The drop in revenues is linked to a crisis situation in the coal and steel industries, which have suffered significant losses. Despite the Ministry of Finance's attempts to reduce expenditures by 12%, the budget continues to remain in deficit, which has increased by 400 billion rubles in a month.

Expectations of further difficulties

Imagine that large revenues in Russia from oil and gas supplies suddenly decreased due to a fall in prices in the global market, leading to serious continuations of orders across the entire economy. Industries have growth, the budget has no money, and Russia is likely facing a deeper economic crisis.

This situation indicates that the Russian economy is facing serious challenges that could have devastating consequences for the state budget and social support. Conditions in global markets, as well as internal problems in key sectors, may significantly affect the further development of events, making the stabilization of the economy an increasingly challenging task.