Russia's Budget Deficit Exceeds $83 Billion as Officials Deny Fiscal Crisis
By
Katherina Popilnichenko
Crispy enough to crunch, soft enough to enjoy. A good bake.
Summary
Russia's federal budget deficit has surpassed 6 trillion rubles ($83.5 billion) by the end of May, yet Deputy Finance Minister Irina Okladnikova insists there is no budget crisis, claiming the budget is being executed as planned. The deficit has soared due to increased spending, but officials maintain that financial operations remain on track despite the significant shortfall.
Key quotes
· 1 pulledWe do not believe that we have a budget crisis. The budget is being executed in accord
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