Macro Analysis /

Russian Budget Efforts to tighten policy postponed to 2022

  • This year the Russian cabinet has postponed its initial plan to tighten policy

  • Finance Ministry guides for 6% y/y expenditure growth and a $72/bbl budget breakeven in 2021

  • Next year’s budget plan guides for breakeven to reach $52/bb

Natalia Orlova
Natalia Orlova

Chief Economist

1 October 2021
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