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In 2025, Russia's budget revenues are expected to be 40.3T rubles (400B USD, 18.8% of GDP), expenditures - 41.47T (19.3%). 13.5T (6.31%) will be allocated for military spending. Spending on "National Security and Law Enforcement" and "National Defense" will be 41% of all federal budget spending, exceeding spending on education, healthcare, social policy and the national economy combined. In Oct 2024, according to Rosstat, unemployment in Russia was a record low - 2.3% (1.8 mil people aged 15+). In Oct 2023, it was 2.9%. Competition among civil and defense companies as well as the army led to an increase in wages (+20%) and increased inflation (+9%). The departure of labor migrants due to tightening immigration rules is also a factor. In 2024, the income of the Russian population from funds on bank deposits will amount to about 4 trillion rubles (about 41 billion USD), interest on savings accounts - 2 trillion rubles. The total amount of income will be more than twice as high as in 2023. The main reasons are rising incomes and a significant increase in interest rates (15-20+%). As of October 1, 2024, according to the Bank of Russia, Russia's external debt amounted to $293.4B, having decreased by $24.5B (7.7%) since the beginning of 2024. It fell below $300B for the first time since 2006. The highest figure was in July 2014 - more than $732B. As of October 4, 2024, Russia's international reserves amounted to $629.9B. In Q1-Q3 2024, 1,154,778 new passenger cars were sold in Russia, 61% more than in Q1-Q3 2023 (717,615). Leaders: LADA (316k - 27.41%), Haval (136k - 11.81%), Chery (118k - 10.25%), Geely (112k - 9.77%), Changan (83k - 7.19%), OMODA (39k - 3.43%). In 2021, for comparison, 1.67 million were sold: LADA (351k), KIA (206k), Hyundai (167k), Renault (136k), Toyota (98k), Skoda (90k), VW (86k), Nissan (51k), BMW (47k), Mercedes-Benz (43k). More notes from Russia »
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Joshua asks: What is silver worth in Russia?
Expert's answer:
As of November 2024, you can buy 1 gram of 99,90-99,99% silver for about 120+ Rubles (1.2 USD), here is an example. If we are talking about people in Russia handing over silver items for scrap, they will be accepted for a price approximately 2 times lower.

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