And some news from the victorious Russia, which is only benefiting from sanctions
- According to the results of April, the budget of the Russian Federation for the first time this year was in deficit - expenditures exceeded revenues by 262 billion rubles.
In Russia, the growing recession in the economy began to hit government revenues. At the end of April, the federal budget recorded a landslide drop in VAT collections, the Moscow agency reports, citing statistics from the RF Ministry of Finance.
"Revenues of the key tax, which is sewn into the cost of all goods and services in the country and provides every fifth ruble of state revenue, collapsed by 54%. The Ministry of Finance managed to collect 191.9 billion rubles against 414.7 billion in April 2021," the ministry said in a statement. message.
- The fall in non-oil and gas budget revenues was the highest in 1.5 years. Finance Ministry data: non-oil and gas revenues of the Russian budget fell by 18% in April. In April 2022, non-oil and gas revenues of the federal budget, excluding inflation, fell by 18% compared to the same month a year ago. This is the largest decline since August 2020. Revenues from oil and gas in the budget overtook non-oil and gas.
- The standard of living of Russians in 2022 may decrease against the backdrop of a decline in GDP, rising unemployment and a decrease in incomes of the population, said Alexei Kudrin, Chairman of the Accounts Chamber.
“Of course, when the economy reduces its GDP, unemployment increases, of course, the income of the population decreases. Therefore, I expect a decline in living standards this year. I won’t talk about numbers now, we are all in a very big uncertainty right now.”
PS And where are the super-profits from oil and gas, which have grown in price and strongly desired by everyone, gone?
- And as a result, Putin's next victory over the whole world:
In Russia, data on the budget was partially classified.
On June 14, the Ministry of Finance presented a preliminary assessment of the execution of the federal budget for January-May 2022, however, there is no information on the sources of financing the deficit and on the execution of expenditures by sections and subsections of the budget.
Everything is so good that it's scary to show
... and now some may continue to post jokes about the fact that the EU is on the verge of collapse, the US economy has collapsed, and sanctions do not affect Russia
Oh yes - the sources of information are exclusively Russian
You can see for yourself!