Russia Swings to $29 bln First-Quarter Budget Deficit

Russia’s federal budget balance sank to a deficit of 2.4 trillion roubles ($29 billion) in the first quarter of 2023. Spending accelerated 34% in the quarter to 8.1 trillion roubles. In the same quarter of 2022, Russia posted a surplus of 1.13 trillion roubles.—reuters.com

Answer the following questions to check your understanding of the story.

What were Russia’s government receipts in the first quarter of 2023?

Russia’s government receipts in the first quarter of 2023 were ____________.

How did Russia’s government debt change in the first quarter of 2022 and the first quarter of 2023?

Russia’s government debt ____________ in the first quarter of 2022 and ____________ in the first quarter of 2023.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.