Federal non-oil-and-gas budget balance

FED_NONOIL_DEFICIT_YTD

Monthly

Federal budget balance excluding oil and gas revenue, cumulative from the start of the year, RUB billion. Negative is a deficit.

Latest value

₽-10.7 tn

Period September 2026 · Published Oct 10, 2026, 05:00 PM MSK

As first published

+₽162.0 bnon the previous reading

-₽576.5 bnon a year earlier

History

Date	Value
September 2026	₽-10.7 tn
August 2026	₽-10.8 tn	revised
July 2026	₽-11.0 tn
June 2026	₽-9.4 tn
May 2026	₽-8.9 tn
April 2026	₽-8.1 tn
March 2026	₽-6.0 tn
February 2026	₽-4.2 tn
January 2026	₽-2.0 tn
December 2025	₽-14.1 tn
November 2025	₽-12.0 tn
October 2025	₽-11.4 tn

How to read it

Shows how much of spending is not covered by revenue unrelated to oil and gas — that is, how far the budget depends on commodity conditions. Read year over year rather than month to month: the series accumulates, so the comparison is with the same month a year earlier. A deficit usually widens through the year, but a month in surplus can narrow it - a cumulative series moves both ways. A widening deficit does not by itself mean stimulus; it can equally reflect revenue falling away.

How it is measured

Minfin publishes the non-oil-and-gas balance as its own line in the monthly federal budget execution data, so nothing is derived here. Which revenues count as oil and gas is set by budget law and has changed; splitting them ourselves would be wrong in exactly the years the tax regime moved. The series is cumulative from January, so the December figure is the whole year rather than the month. The sign is the source's: negative is a deficit.

Where this comes from

Type: Published officially
Source: Ministry of Finance of the Russian Federation · Open at the source
Frequency: Monthly