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3.2 Macro outlook
Russian President Vladimir Putin gave the most optimistic forecast for this year’s economic performance of any government yet, saying that there will be no budget deficit and that economic contraction will be no more than 2.5% on September 7.
"State finances have stabilised, and I would like to note that this year’s budget will have a surplus of up to RUB0.5 trillion, around RUB485bn ($8bn) despite all dismal projections," he said at a plenary session of the Eastern Economic Forum (EEF) on September 7.
43 RUSSIA Country Report October 2022 www.intellinews.com
