Russian budget surplus in January-August decreased to 137.4 billion rubles

© / Kirill KallinikovThe building of the Ministry of Finance of the Russian Federation on Ilyinka Street in Moscow MOSCOW, 12 Sep – The budget surplus of the Russian Federation in January-August 2022 decreased to 137.443 billion rubles against the preliminary estimate of the Ministry of Finance at 482 billion rubles for January-July this year, … Read more

The dollar may rise to 70 rubles due to the budget rule and the reduction of the trade surplus

In turn, Natalia Lavrova from BCS Global Markets puts the factors in descending order of impact: the reduction in physical exports, the effect of the fiscal rule and the partial recovery of imports. As an additional factor that allows balancing the exchange rate of the Russian currency at weaker levels, the specialist calls the outflow … Read more

Buying a house for a studying child? Possibly considerable surplus value, but also a lot of snags

The rent for a student room is spiraling out of control. At the same time, the price of owner-occupied homes has been rising in recent years. So is it a good idea to buy an apartment for your student child? “There are a lot of hooks and eyes.” Copy to clipboard

Russia’s budget surplus fell to 482 billion rubles.

The budget of Russia in January-July was executed with a surplus of 481.9 billion rubles, follows from the data of the Ministry of Finance. Budget revenues for seven months exceeded 15.7 trillion rubles, amounting to 63.1% of the total revenue approved in the law on the budget for 2022. Expenses for the specified period amounted … Read more

Gold in the blue eye // The state of the balance of payments of the Russian Federation in July is suspiciously brilliant

The Bank of Russia’s assessment of the balance of payments of the Russian Federation for July 2022, contrary to expectations, is stronger than the June figures: the foreign trade surplus of the Russian Federation for this month amounted to $33.9 billion. Analysts are already distrustful of them – a huge surplus should have been caused … Read more

Putin signed the law on the execution of the budget for 2021 with a surplus

Russian President Vladimir Putin signed a law on the execution of the federal budget of Russia for 2021 with a surplus of 0.4% of GDP. The corresponding document was published on Thursday, July 14, on the official portal of legal information. According to the law, federal budget revenues for 2021 amounted to 25.286 trillion rubles … Read more

Escaping surplus // Expenses matched revenue in Q2

The federal budget for the first half of 2022 was executed with a surplus of 1.4 trillion rubles, the Finance Ministry said. Almost the entire amount of this “surplus” was accumulated in the first quarter. In the second, against the backdrop of a military operation and new sanctions, revenues were almost equal to expenditures. Oil … Read more

Siberian grain dreams of traveling abroad // Duties and tariffs hinder export of crop surpluses

Opora Rossii, after appeals from the farmers of the Siberian Federal District (SFD), sent a letter to the relevant committee of the Federation Council with a request to solve the problem of tariff restrictions for the transit of grain from the Russian Federation through Kazakhstan and the negative impact of Russian export quotas and floating … Read more

Unbearable heaviness of the ruble

At the St. Petersburg International Economic Forum (SPIEF) that opened on Wednesday, the central topic of the economic block of discussions predictably became the medium-term budget structure. Although its discussion continues, the most probable is a gradual, by 2025, return to the budget rule in the simplest version – limiting budget spending with the accumulation … Read more