According to Alfa-Bank analysts, in 2027 non-interest, non-defense spending of Russia’s federal budget will fall to about 9% of GDP — the lowest level since 2005. At the same time, spending under the «national defense» item will rise to 35% of all expenditures, while key civilian sectors face cuts.

#AlfaBank #BudgetoftheRussianFederation #WarinUkraine #publicdebt #Russia #finance #Economy

Read more

From September 1 to 24, the amount of cash in circulation increased by 386.3 billion rubles, according to the Central Bank of the Russian Federation’s оперативная statistics. The outflow of funds from banks into cash has been continuing for the eighth month in a row.

#AlfaBank #AssociationofRussianBanks #Banks #BohdanShablya #cash #TSBRF

Read more