Page 78 - RusRPTMay21

“The budget thus ran a surplus in March, reaching RUB741bn, while the 1Q21 surplus came to RUB205bn. With revenues recovering faster than expected (primarily non-oil and gas), we expect the government to further increase social spending, as well as reduce planned borrowing in 2021,” Sberbank CIB said in a note.
78 RUSSIA Country Report May 2021 www.intellinews.com