Skip to content
Edit post

New York Times: Russia reports $47 billion budget deficit for 2022

by The Kyiv Independent news desk January 11, 2023 5:49 AM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

On Jan. 10, the Russian government reported its second highest budget deficit in the post-Soviet era. The New York Times reported citing Russia's finance minister that the budget gap reached 3.3 trillion rubles in 2022, or 2.3 percent of the Russian economy. "Russia’s revenues increased by 2.8 trillion rubles in 2022, or $40 billion, but that was not enough to cover rapidly increasing expenditures, which skyrocketed by 6.4 trillion rubles, or $92 billion," officials said.

The Russian government has not published a detailed breakdown of its expenditures in 2022, but it is widely assumed that the bulk of the rise can be attributed to increased military spending.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

2:58 AM

Russia attacks 10 communities in Sumy Oblast.

Russian forces struck 10 communities in Ukraine's northeastern Sumy Oblast in 44 separate attacks throughout the day, the regional administration reported on May 17. At least 183 explosions were reported in Sumy Oblast over the past 24 hours.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:21 PM

Ukrainian drones hit military facilities in Russia, Crimea overnight.

Ukrainian drones attacked several military facilities in Russia and in occupied Crimea overnight of May 17, Ukrainska Pravda reported, citing unnamed sources in special services. The operation was reportedly carried out by Ukraine's military intelligence agency (HUR) and the Security Service of Ukraine (SBU).
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.