MNI BRIEF: Trade War To Increase Volatility Inflation -Panetta

MNI China Daily Summary: Friday, November 15

MNI BRIEF:China Optimistic On Property Despite Investment Fall

CORRECTED-MNI INTERVIEW: NBH To Hold Rates

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

MNI: US OCT INDUSTRIAL PROD -0.3%; CAP UTIL 77.1%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

RUSSIA: Russia Records Small, and Likely Temporary, Federal Budget Surplus

RUSSIA
CEEMEAEM BulletRussiaBulletGlobalEmerging Market NewsRegion
  • Russia had a federal budget surplus in the first nine months of 2024, albeit a small one of RUB 169bn, or 0.1% of GDP, the Finance Ministry reported yesterday. However, Kommersant note that the surplus for the nine months, the first since November 2022, will be temporary, as the ministry plans to ramp up spending in the remaining months of the year.
  • Russia’s Energy Minister, the CEO of Gazprom and the President of PetroChina Co. are among the attendees of the St. Petersburg International Gas Forum today.
  • Gold and forex reserve data will cross this afternoon, with CPI figures for September the highlight of the week tomorrow (Est: +8.55% Y/Y; Prior: +9.05%).
110 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Russia had a federal budget surplus in the first nine months of 2024, albeit a small one of RUB 169bn, or 0.1% of GDP, the Finance Ministry reported yesterday. However, Kommersant note that the surplus for the nine months, the first since November 2022, will be temporary, as the ministry plans to ramp up spending in the remaining months of the year.
  • Russia’s Energy Minister, the CEO of Gazprom and the President of PetroChina Co. are among the attendees of the St. Petersburg International Gas Forum today.
  • Gold and forex reserve data will cross this afternoon, with CPI figures for September the highlight of the week tomorrow (Est: +8.55% Y/Y; Prior: +9.05%).