The outlook is bleak
To read more of The Economist’s data journalism visit our Graphic detail page. ON A TYPICAL day Tambov Bread Factory, 400km south of Moscow, produces 30 tonnes of bread in 60 varieties. Lately, though, the plant has been churning out more than just baked goods. According to Russia-1, a state-owned television channel, Alexander Rudik, the firm’s boss, received a request from the Russian military to retool his assembly line last year. Today the bakery assembles 250 military drones per month.
8trn roubles in January, the government has kept its budget balanced for the remainder of the year thanks to a 26% jump in non-oil and gas revenues. “In the third quarter of this year we had a budget surplus of over 660bn roubles,” Vladimir Putin boasted this month. But the fiscal outlook rests on shaky assumptions. The draft budget assumes that oil and gas revenues will increase by more than a quarter in 2024 to 11.
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