The deficit of its federal budget Russia It increased in April as the reduction in oil revenue and the increase in military spending continues to burden public finances.

The monthly deficit reached 1.05 trillion rubles ($ 13 billion), according to Bloomberg calculations based on finance ministry data. This raises the cumulative deficit for the first four months of the year to 3.2 trillion rubles – almost three times the level recorded in the same period of 2024.

Proceeds from the oil and natural gasThe backbone of Russia’s state finances decreased by 12% in April compared to the previous year, the third consecutive monthly decline.

Revenue from energy reaches 30% of the total revenue of the Russian state. The expanding deficit highlights the fiscal challenges that the Kremlin will face if oil prices remain lower for a longer period, as military spending increasing.

Revenue from other sources provided partial pillow, increasing 23% in the last year. The finance ministry He said proceeds from other out -of -energy sources are expected to exceed the annual targets, with the unexpected profit already taking into account the recent revisions of the federal budget.

However, the ministry warned of “significant risks” from reduced oil and gas revenue. The revised budget plan provides that the budget deficit will triple compared to the original provision, largely due to the weaker prospects for revenue from energy exports.

For the first four months of the year, oil and gas revenue decreased by 10% compared to the same period in 2024 to 3.7 trillion rubles, while spending increased by 21% to 15.5 trillion rubles.

Brent has been negotiating so far in May close to the lowest level since early 2021, as US president’s tariff war Donald Trump It threatens to derail global economic growth and reduce energy demand.

The deterioration of the oil market has raised concern in Moscow about the viability of its fiscal security reserves. Authorities are considering revisions of the so -called budget rule of the country.

With the slow oil of the Urals negotiating below this threshold in recent months, the government was forced to use the fund in March to fill the gap.

Russia had initially predicted that an additional 1.8 trillion rubles in oil and gas revenue would be channeled to the prosperity fund this year. On the contrary, the government is now awaiting a deficit of 447 billion rubles, increasing the possibility of further reserves in the coming months.