Russia's 2025 Budget Deficit Hits 5.63T Rubles, 2.6% of GDP

Russia's State Duma approved the 2025 federal budget execution with a deficit of 5.63 trillion rubles (2.6% of GDP), reflecting sustained fiscal strain from war spending and sanctions. The deficit is a notable indicator of Russia's fiscal health, though the figure aligns with prior projections, suggesting no immediate policy shift. This matters for assessing Russia's economic resilience and potential pressure on the ruble and inflation.