In order to offset a massive increase in spending on national defense and security, the Russian government is gutting funding for social spending, education, healthcare, and utilities.
Analysis: Russia s optimistic fiscal plans risk budget revenue shortfall reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Russia may miss its revenue target for 2024 and be forced to increase business taxes if the rouble strengthens more than expected and economic assumptions fall short, according to analysts. The country s budget plans project Brent crude prices averaging $85 per barrel next year, but there are concerns the Urals price could fall below $60 in 2024-2026.
Russia could miss its 2024 revenue
target and be forced to hike business taxes if the rouble proves
stronger than expected in the budget and optimistic economic
assumptions fall short, analysts.
Analysis-Russia s optimistic fiscal plans risk budget revenue shortfall streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.