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Russia’s budget deficit hits $61 billion, already surpassing annual target by 30%

By Amnon J. Jobi on August 8, 2025 5:01 am |

Russia and Ukraine

The deficit jumped by 1.2 trillion rubles ($15 billion) last month alone, “mainly due to a decline in the average price of oil,” the Russian Finance Ministry said.
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Published in Russia and Ukraine

Amnon J. Jobi

Amnon J. Jobi is sole Editor in Chief at The Daily Reformer®. He writes like it is 1998.

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