Russian macroeconomicsbeta

Federal budget balance

FED_BALANCE_YTD · Fiscal

Federal budget surplus or deficit, cumulative from the start of the year, RUB billion. Negative is a deficit.

Latest value
₽-5.8 tn
Period August 2026 · Published Sep 15, 2026, 02:56 PM MSK

How to read it

Answers whether the budget balances, not what balanced it. A surplus on a high oil price and a surplus from spending cuts are different events with the same sign, which is why this series is read alongside the non-oil balance rather than on its own.

How it is measured

The headline federal budget balance from Minfin's monthly data, cumulative from January. Unlike the non-oil balance it includes oil and gas revenue.

History

DateValue
August 2026₽-5.8 tn
July 2026₽-6.4 tn
June 2026₽-5.7 tn
May 2026₽-5.9 tn
April 2026₽-5.8 tn
March 2026₽-4.5 tn
February 2026₽-3.3 tn
January 2026₽-1.6 tn
December 2025₽-5.6 tn
November 2025₽-4.0 tn
October 2025₽-3.9 tn
September 2025₽-3.5 tn