"This Is The End. The Kremlin Has Already Realized Everything."

Russia's budget has collapsed.

The Russian budget deficit at the end of the first quarter amounted to 4.58 trillion rubles. Putin lacks almost every second ruble of government spending.

An independent Russian economist Vyacheslav Shiryaev writes about this in his Telegram channel.

The budget deficit for the whole of 2026 was planned at 3.79 trillion rubles. But already now it is "officially" 21% higher than the annual plan. And there are still 9 months ahead (3 quarters out of 4), which will increase the size of the current deficit many times!

In fact, the deficit at the end of the first quarter is much larger - 7-8 trillion, but even the Federal Treasury is unlikely to admit it, as in early March, when it "corrected" the Ministry of Finance (5.7 trillion for January - March instead of the previously announced 3.5 trillion).

As in the previous two months, the Ministry of Finance made a reprise: "the high values of the size of the deficit at the beginning of the year are mainly due to the outstripping financing of expenditures". But the joke repeated for the third time did not cause laughter in the hall for some reason...

Last year the deficit for the first quarter was 2.5 times smaller, and the country ended the year with a "hole" of almost 6 trillion. In fact - 8 trillion, but Putin personally forbade the Ministry of Finance to admit it.

So, the size of the budget deficit at the end of 2026 will definitely exceed 10 trillion. And if no "miracle" happens, it may reach 12-13 trillion rubles.

"This is the end. The Kremlin has already realized everything: in April we will see the signs of this "realization", fraught with a rapid (already this year) shaking of the foundations of the system. Fasten your seat belts!" - Shiryaev writes.

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