Russian budget loses oil and gas revenues: what scenarios for patching the hole are being considered by the Kremlin.

According to inkorr.com:  

The Russian economy is facing a critical crisis due to a catastrophic drop in oil and gas revenues to the state budget. According to the head of the Russian Ministry of Finance, Anton Siluanov, the share of energy revenues will decrease to a miserable 20-22% in 2026, down from 50% previously, as reported by the Ukrainian Foreign Intelligence Service.

Scenarios for Resolving the Budget Crisis

The Russian leadership is actively considering three possible options for closing the budget 'hole', but none of them will come without negative consequences for the population. The first option involves a new 'loan' from the National Wealth Fund, which itself needs support after previous expenditures. The second option is an increase in state debt, which will lead to significant costs for servicing and repaying loans. The third option, which has been implemented before, is raising taxes and fees for citizens.

Worrisome Economic Indicators

Experts from the Institute of National Economic Forecasting of the Russian Academy of Sciences reported the 'exhaustion of growth factors' in the Russian economy. A very alarming signal has been the sharp decline in household consumption in the Russian Federation. In the first half of 2025, this indicator fell to 2.7% - the worst result since the beginning of the full-scale war against Ukraine. For comparison, in 2023 it was 7.4%, and in 2022 it was 5.4%. These data indicate a systemic crisis that the Russian economy is unable to overcome due to the prolonged war and international sanctions.

Overall, the negative impact of declining oil and gas revenues is affecting the country's economy, while the government continues to seek solutions that, unfortunately, do not benefit ordinary citizens. Economic specialists note that the development factors for Russia have been exhausted, highlighting worrying trends in the loss of the population's purchasing power.

In the current situation, the Russian economy faces significant challenges. The decline in revenues from the oil and gas sector and rising social tensions due to the introduction of new taxes indicate a deep structural crisis. This threatens not only economic consequences but also social instability in the country. Observing these events, it is important to pay attention to their impact on the daily lives of citizens.