Posted on 10/14/2022 11:59:39 PM PDT by canuck_conservative
Preliminary data from Russia's Finance Ministry showed that the country's fiscal surplus shrank to 55 billion rubles ($860 million) in the first nine months of the year, down from 137 billion roubles ($2.15 billion), Bloomberg reported.
Olga Bychkova, an economist at Moody's Analytics, told Newsweek that the Russian government surplus is 30 times lower, when compared to the same period last year....
She predicted the government budget would post a modest surplus of 0.6 percent in 2022 on high energy prices but flip to a deep deficit of around nine percent in 2023 due to limited growth, imports, and the opportunity to spend oil and gas revenues....
Russia's finances have also been hit by less income from shipments of energy, its chief export earner. This followed Moscow's decision to cut back gas supplies to Europe and sell oil at a discount to Asia, in particular to China and India....
The International Monetary Fund (IMF) estimated that Russia's economy will contract by 2.3 percent next year, the third worst performance in the world and that Russia's public finances would remain in deficit until 2026.
It comes as a European Union Commission report said this week that sanctions imposed on Moscow were "melting away" Russia's ability to finance the war....
While there was a brief rise in energy prices earlier this year, "oil production is down by 10 percent, and gas production declined by 22 percent year-on-year in August," according to the EU....
(Excerpt) Read more at newsweek.com ...
Don’t forget they’re saying that up to 800,000 Russians may have left the country already due to the war. That’s a lot of people for a country of 145 million.
“As Europe falls into recession, Russia climbs out”
https://www.economist.com/finance-and-economics/2022/10/11/as-europe-falls-into-recession-russia-climbs-out
.
“Kiev seeks $20B lending program from IMF - Zelensky”
https://freerepublic.com/focus/f-news/4100137/posts
Commies never can handle money. They always go under and the elite leaders demand more from the lowly peasants beneath their contempt.
Sounds like the DNC.
a lot of Russia’s declining oil & gas production is due to simply not being able to get the Western parts needed for maintenance
and a European boycott of Russian oil begins Dec. 5th
Russia is soon to become a lot poorer
Liz Truss is gone next week.
EARLY next week.
Brendan Cole is a fabulist.
No one is chummer than a Dummy...
Let me see, hold on a sec.
Newsweek or the Economist?
Newsweek or the Economist?
Newsweek or the Economist?
Yeah, I know which one has more validity....
Liz Truss may be going away, but Russia’s financial problems aren’t
I forgot.
Most Chummies aren't bright enough to be taught economics.
Your Owners don't want you figuring out how much your country's physical wealth is ACTUALLY worth...
Ukraine broke.
Ukraine economy is wrecked.
Memo ZelenskyyIdiot how he plans to pay his military, fix destroyed electrical grids, buy more military hardware to replace that which is steadily being destroyed, etc., etc., etc. without money?
Oh wait, my bad, I know how: ZelenskyyIdiot will just continue to grovel, beg and plead with the US, EU, UK, and NATO for more money, tanks, planes, artillery, other military hardware, munitions like a dog that sits on the floor at the end of a table waiting for those sitting at the table to throw scraps to it.....
like most of the Russian trolls here,
we didn’t think you’d add anything to the discussion
(enjoy those sanctions)
Wow, proficit eliminated! Xiden would be glad to see deficit away.
Adding anything to the discussion is subjective, and you are in no place be be dictating what is who or whom “adds anything to the discussion” or not.
Dunning-Kruger on steroids.
So we must endure until they get cold, and want to go back inside.
The problem here is that these peddlers want us to shut-up and be silenced so that it makes their peddling of BS much more easier.
Not happening.
not “dictating”, just making an honest observation
if every one of your numerous posts were removed, no valuable content would be lost or missed
and that applies to most Russian shills here, they offer nothing but insults and lies
Nearly all your “honest observations” always lacks sources.
Irony or coincidence?
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