That was far better than the initial plans for a deficit of 2.93 trillion roubles, or 2% of GDP for the whole 2023. The deficit for the first 10 months of the year stood at 1.24 trillion roubles ($13.45 billion), or 0.7% of gross domestic product (GDP). Russia's budget deficit narrowed further last month thanks to higher oil prices, a lower rouble rate and an inflow of quarterly tax payments. sanctions on shipowners and weaker global oil prices.īut it was still higher than 5,000 roubles per barrel and on Tuesday exceeded $60 per barrel again.īudget plans published in September envisage Brent crude prices averaging $85 per barrel next year - more pessimistic than a Reuters poll forecast - and a Urals price of $71.30. The Urals price on Friday fell below the Western price cap level of $60 per barrel amid a rise in freight rates fuelled by fresh U.S. Russia has budgeted the price of Urals, its flagship oil grade, at 4,788 roubles ($53.36) per barrel this year.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |