Which Countries are Buying Russian Fossil Fuels?

[dbc]

And ???
Every go t runs deficit on purpose that means nothing

Rarely a govt will run a surplus

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Well, that's how nations become bankrupt. The Russians are even taking massive chunks out of the revenue earned by State owned enterprises to finance the war. To the extent of crippling their cash cow the oil and gas sector. In another year or two Russia's oil and gas output is forecast to decline by 50%. So increasing state revenue to offset the deficit isn't really an option. The only viable alternative is to issue bonds or increase taxes and with no access to western banks, the Russians are at the mercy of China.

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Understanding Budget Deficits​

When a budget deficit is identified, current expenses exceed the amount of income received through standard operations. To correct its nation's budget deficit, often referred to as a fiscal deficit, a government may cut back on certain expenditures or increase revenue-generating activities.


A budget deficit can lead to higher levels of borrowing, higher interest payments, and low reinvestment, which will result in lower revenue during the following year.

Budget Deficit: Causes, Effects, and Prevention Strategies

A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt.

www.investopedia.com

 

[beijingwalker]

U.S. deficit grows to $262 billion in February as tax refunds surge​

Reuters

U.S. deficit grows to $262 billion in February as tax refunds surge

The U.S. government posted a $262 billion budget deficit in February, up 21% from a year earlier, as outlays grew and revenues fell, due largely to higher tax refunds issued as the Internal Revenue Service worked through a substantial backlog of unprocessed returns.

www.reuters.com