Russia's tightening fiscal spending in response to the liquidity crisis

After the liquidity crisis in April, Russia imposed severe fiscal spending restrictions. According to informed sources, as the balance of the federal budget of the Ministry of Finance fell to a negative 5.5 trillion roubles (approximately $65.3 billion), Russian finance minister Sirouanov warned Prime Minister Mishustin that the cash for the month was insufficient to make all the necessary payments on time。