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Russia's Budget Deficit Narrows to 2.5% of GDP as Wartime Fiscal Measures Take Hold
Russia's federal budget deficit contracted to 2.5% of gross domestic product through August, recovering from an earlier 2.8% gap. Emergency tax adjustments and revised public spending allocations have helped stabilize state finances despite mounting defense costs and sanctions. For global investors, the data indicates that Moscow's policy levers continue to forestall immediate sovereign balance-sheet exhaustion.
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