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revenues of the budget may also be reduced, as the economy will receive less foreign exchange income that could be spent domestically. The budget deficit at the end of the year, according to the expert, can reach 1.5-2 trillion rubles. Perhaps the Treasury sees the risks of widening the deficit in the coming years, he added: for example, against the backdrop of falling revenues due to a global recession or sanctions, or an unexpected increase in spending.
97 RUSSIA Country Report December 2022 www.intellinews.com