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Problems of the Russian Budget - Radio Meduza

        
        
Original source

      

      
Problems of the Russian budget


Radio Meduza


A hole in the budget. Why aren’t expensive oil and higher taxes helping the Russian economy? Audio version of the explainer


The St. Petersburg Economic Forum in 2026 became a reflection of the problems into which the big war has driven Russia. And although Putin assures investors that the economy is doing fine, its structural problems are worsening. And budget spending, despite the jump in oil prices and the VAT increase, will still end up higher than the authorities had planned.


What is happening to the budget? And what are the authorities sacrificing to hold back price growth? Listen to Meduza’s explainer, and you can read the text here.


“Radio Meduza” is available on podcast platforms, on YouTube, and in our app.


@meduzalive

      

        
Oil and Taxes Still Missed the Hole

        
Expensive oil and higher VAT still failed the budget.


The plan lasted right up to spending.