Page 87 - RusRPTSept22

The Federal Tax Service contributed RUB11.025 trillion to the budget, the Federal Customs Service RUB3.873 trillion, and other federal agencies RUB879.404bn, Prime reports.
“In some ways, the impact on the Russian economy will not be reflected very much in these macroeconomic indicators. Rather (in my own opinion), they will have a profound medium to long term impact on the economy, and the ability for the Russian military to project its power abroad. That is through the impact of trade/high-tech sanctions. As discussed in this Breugel article, the export sanctions applied to Russia are constraining production now (and almost assuredly impacting military production, of high tech munitions, aircraft, even tanks),” says BOFIT.
Even if Russia's gas revenues are down as a result of the energy war on Europe, it is still making a killing on its primary source of revenue - oil and petroleum products. The budget deficit is likely to be small at ~1-2% of GDP in 2022%. The Wellbeing fund is now at 9% of GDP.
87 RUSSIA Country Report September 2022 www.intellinews.com