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Russia’s budget deficit rose by 168 billion rubles ($2.18 billion) in May, bringing the total for the first five months of 2025 to 3.4 trillion rubles ($44.2 billion), or 1.5% of GDP, according to the Finance Ministry. That is nearly five times higher than the same period of 2024 and nearly equal to the entire…
Russia posted a 500 billion ruble ($5.4 billion) federal budget surplus in March 2025 amid falling oil revenues, according to preliminary data from the Finance Ministry. The deficit was equivalent to 1% of GDP, well ahead of the 0.5% deficit target for this year in the budget. However, the Finance Ministry said this week that average oil…
Listen to article India’s finance ministry has asked its employees to avoid using AI tools including ChatGPT and DeepSeek for official purposes, citing risks posed to confidentiality of government documents and data, an internal department advisory showed. Countries like Australia and Italy have placed similar restrictions on the use of DeepSeek, citing data security risks. Reports of…
Public investments in infrastructure, as a percentage of the country’s gross domestic product (GDP), have exceeded the pre-pandemic level, the Rajya Sabha was informed on Tuesday. Infrastructure investments by the Union and state governments and Central Public Sector Enterprises touched 5.87% of GDP in 2023-24, higher than 5.03% in the previous year and 5.76% in…
