On the whole, you can see that the Russian budget is doing much, much worse than previous years, with the crucia December to come.
On the whole, you can see that the Russian budget is doing much, much worse than previous years, with the crucia December to come.
Now, trendlines. First 4 columns are total monthly revenues, oil and gas revenues, non oil gas revenues and expenditures. Next one is monthly deficit/surplus.
What jumps out is the drop in oil and gas revenues (34% yoy!)
Now, trendlines. First 4 columns are total monthly revenues, oil and gas revenues, non oil gas revenues and expenditures. Next one is monthly deficit/surplus.
What jumps out is the drop in oil and gas revenues (34% yoy!)
Top line: the deficit stands at 4.28 trillion compared to .36 trillion at this time last year.
Top line: the deficit stands at 4.28 trillion compared to .36 trillion at this time last year.
Bottom line- Urals oil sold for $44 a barrel in November.
Bottom line- Urals oil sold for $44 a barrel in November.