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Moscow, August 15 (Petra) – The budget deficit has risen to $81
billion, an increase of over $9 billion in just one month, amid
rising government spending and increasing pressure on public
finances.
In a statement issued Saturday, the Russian Finance Ministry
announced that total government expenditures have risen to
approximately $359 billion, contributing to the widening budget gap.
Pressure on public revenues continues, particularly with the decline
in oil and gas sector revenues this year, the Ministry explained.
//Petra// AK
