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Russia’s budget deficit widens as wartime economy strains

Analysts cited by CNBC say worsening fiscal pressure could intensify further next year as strains build in Russia’s wartime economy.

Reported · Written up by our desk · Emerging Markets

Russia’s economy has continued to defy earlier skepticism, but new signs of strain are increasingly visible, according to CNBC Markets.

The outlet points to a widening budget deficit as one of the growing cracks in Russia’s wartime economic model.

CNBC World adds that analysts expect pressure to build further next year, suggesting conditions could deteriorate even if activity so far has held up better than many had expected.

With the deficit expanding, the question for markets is how much additional fiscal strain Russia can absorb before the pressure becomes harder to manage, CNBC’s summaries indicate.

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