Russian authorities continue to classify data on the state of the economy. This time it's time for budget statistics: the Ministry of Finance announced that it would stop publishing monthly data on budget expenditures by item - only the overall figures would remain. A month ago, from these statistics, the media learned about the growth of military spending in April by 130%.

Since May 2022, the Russian Ministry of Finance has withdrawn from public access operational information on the execution of all federal budget expenditures and data on the sources of financing its deficit, follows from the message of the department. In April, budget statistics showed an increase in Russia's military spending by almost 2.5 times and a decrease in non-oil and gas revenues.

The Russian currency continues to strengthen despite the cancellation of the sale of 50% of foreign exchange earnings and other financial measures of the authorities. During trading on the Moscow Exchange, the dollar fell below 56 rubles, the euro - below 58 rubles. For both currency pairs, these are the lows since May 25. The Moscow Exchange index is growing by 0.17%, the RTS index - by 1.45%.

The Central Bank has proposed a self-prohibition mechanism for issuing loans to counter fraudsters. It implies that bank customers will be able to record in their credit history a ban on issuing loans in their name. The new mechanism will reduce the risk of attackers using personal data leaks of citizens, according to the Central Bank website. The regulator has already sent the legislative proposals necessary for this for interdepartmental approval.

Deteriorating inflation forecasts in the US and the prospect of an early Fed rate hike of 0.75 p.p. - provoked a fall in stocks and risky assets in general The fact that data on record inflation in the US (8.6% in May, a new forty-year record) released on Friday will force the Fed to raise the key rate by 0.75 percentage points. this week, wrote The Wall Street Journal.

By the end of the year, 15% or 15,000 dollar millionaires will leave Russia, but in relative terms Ukraine will lose a record number of highnets (2,800 or 42%), follows from a report . Henley & Partners The UK will lose its status as the most attractive country for the rich (minus 1,500), the UAE will take the lead due to those leaving Russia (plus 4,000 in 2022).

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