Global Analysis from the European Perspective. Preparing for the world of tomorrow

Russia maintains budget surplus, external position in April 2020

Russia’s federal budget posted a surplus of 0.2% of GDP in April 2020, and surpluses of 0.5% in 1Q20 and 0.4% in 4M20, according to the latest data from the Finance Ministry.

At the same time, Russian maintained a double external surplus, with the trade balance posting a surplus of $3.5bn ($35.6bn in 4M20) and current account also in surplus of $1.8bn ($23.5bn in 4M20), according to the Central Bank of Russia (CBR) data. Source BNE

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