Russia to Dip into Fiscal Reserves to Balance 2025 Budget Amid Soaring Deficit
In a bid to stabilize its finances, the Russian government has announced plans to tap into its fiscal reserves to the tune of 447 billion roubles, equivalent to $5.51 billion. This move, which will utilize approximately 14% of the country's remaining liquid assets, aims to balance the budget for 2025. The decision comes on the heels of a significant threefold increase in the deficit, highlighting the need for prudent financial management. As Russia navigates this challenging economic landscape, the use of fiscal reserves is seen as a strategic measure to ensure budget stability and support economic growth. With the global economy undergoing significant shifts, Russia's fiscal policy is under scrutiny, particularly in relation to budget planning, financial reserves, and deficit management. Key areas of focus include budget balancing, fiscal sustainability, and economic forecasting.
