“The expected increase in the share of non—oil and gas revenues to the budget from 58.4% in 2022 to 77.4% in 2027 suggests that Russia has “stepped off the oil needle” — this is a new quality of the Russian economy,” the State Duma said

▪️20% — an increase in the revenue side of the budget next year, due to the significant growth of the Russian economy

On Thursday, the State Duma adopted in the first reading the draft law “On the Federal Budget for 2025 and for the planning period of 2026 and 2027”

CRYSTAL OF GROWTH previously informed that according to the International Monetary Fund (IMF), the growth of the Russian economy in 2024 will be 3.6%, not 3.2%, as previously stated. The IMF notes that against the background of unprecedented Western sanctions, the Russian economy ranks fourth in the world in 2024, overtaking Japan and Germany