GPS News  
SUPERPOWERS
Russia runs budget deficit as defence spending rises
by AFP Staff Writers
Moscow (AFP) Jan 10, 2023

Russia swung from a budget surplus to a deficit last year, officials said Tuesday, as authorities boost defence spending amid Moscow's assault on Ukraine.

The deficit reached 3.3 trillion rubles ($47 billion), or 2.3 percent of gross domestic product, Finance Minister Anton Siluanov told a government meeting.

Russia ran a budget surplus in 2021.

Siluanov said that compared to 2021, state spending increased by more than six trillion rubles, adding that the expenses "were mainly aimed at helping the population."

The Russian government has allocated funds to support the families of troops fighting Ukraine, as well as companies hit by a partial military mobilisation announced in September.

Last year revenues surpassed government estimates by 2.8 trillion rubles, Siluanov said.

He said that additional revenues came from the sale of oil and gas due to an increase in energy prices after the beginning of the offensive on February 24.

The deficit for 2023 is forecast to amount to two percent of the GDP.

Analysts estimate that Russia plans to spend about a third of its total budget on defence and security this year.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


SUPERPOWERS
Armenia says won't host Russia-led drills this year
Yerevan (AFP) Jan 10, 2023
Armenia will not host Russian-led military exercises this year, Prime Minister Nikol Pashinyan said Tuesday, signalling growing frustration with Moscow. Pashinyan's announcement came after the leader of the ex-Soviet republic criticised Moscow and the work of Russian peacekeepers in the South Caucasus, which has been plagued for decades by fighting between Armenia and Azerbaijan. Speaking to reporters, Pashinyan said he saw no reason for the Collective Security Treaty Organisation (CSTO) to stag ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SUPERPOWERS
Agricultural droughts will continue across water-scarce Central Asia: Study

Rice breeding breakthrough to feed billions

Tech at CES shows how farmers can save time, money and the environment

Judges drop probe into French Antilles pesticide scandal

SUPERPOWERS
Start ups grow diamond qubits

New spin control method brings billion-qubit quantum chips closer

More stable states of quantum computers

Graphene nano-mechanical-switches could make our electronics even smaller and ultra-low-power

SUPERPOWERS
Northrop Grumman developing the next generation radar for the F-35 Lightning II

Could the humble dragonfly help pilots during flight?

NASA creating tool to predict supersonic jet noise at takeoff

Davos VIPs accused of 'hypocrisy' over private jet use

SUPERPOWERS
Computers that power self-driving cars could be a huge driver of global carbon emissions

Bosch plans $1-bn Chinese electromobility site

Insurers need to gear up for electric cars: Swiss Re

Toward standardized tests for assessing lidars in autonomous vehicles

SUPERPOWERS
Most markets rise as US inflation boosts Fed slowdown hopes

Most markets rise as US inflation boosts Fed slowdown hopes

China imports, exports plunge in December: customs

China's 2022 growth seen as its lowest in 40 years

SUPERPOWERS
New Indonesia capital imperils ancient Eden with 'ecological disaster'

Brazilian Amazon deforestation up 150% in Bolsonaro's last month

Rwandan tree carbon stock mapped from above

German climate activists cut top off Christmas tree

SUPERPOWERS
Planet Labs completes acquisition of Salo Sciences

Terran Orbital's GEOStare SV2 completes commercial imaging contract for Lockheed Martin

U.N. panel says ozone layer will recover in about 40 years

Capella Space raises $60M to expand satellite imaging capacity

SUPERPOWERS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.