MOSCOW, Dec. 9 (Xinhua) -- Russia's budget revenues totaled 32.9 trillion rubles (around 426 billion U.S. dollars) in the first 11 months of 2025, up 0.7 percent year on year, the Russian Finance Ministry said Tuesday.
According to a ministry report, the country's non-oil and gas budget revenues rose 11.3 percent year on year to 24.87 trillion rubles in January-November 2025.
Turnover tax revenues, including value-added tax, increased by 5.6 percent year on year, in line with the softening of domestic demand and inflation trends, the report noted.
Russia's oil and gas budget revenues fell 22.4 percent year on year to 8.03 trillion rubles in the same period, the report said, adding that the decline is mainly attributed to a drop in the average oil price.
Meanwhile, Russia's budget deficit amounted to around 4.28 trillion rubles in the period, representing 2 percent of the country's GDP, 3.91 trillion rubles higher than the deficit in the same period last year.
The budget deficit is expected to reach 2.6 percent of the GDP by the end of 2025, while the structural primary balance is projected to stand at 1.3 percent, said the report.
The missed structural primary balance target reflects weaker growth in non-oil and gas revenues, amid easing inflation and softening domestic demand, it said.
