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...
