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1 – 3 of 3While international reserves are healthy, that portion held in sovereign wealth funds to support budgetary spending has been severely depleted by government drawdowns, and one of…
The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…
A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…