Russia's 2027 Budget Deficit to Reach 5.5 Trillion Rubles

According to him, the 2027-2029 budget project envisions a federal budget deficit at a safe level of approximately 2% of GDP.

Consensus

The federal budget deficit for 2027 is projected at 5.5 trillion rubles.
Federal budget expenditures for 2027 are projected at 48.8 trillion rubles.
Federal budget revenues for 2027 are projected at 43.3 trillion rubles.
The deficit is expected to be around 2.2% of GDP.
Defense and social obligations are prioritized in the budget.
National projects, including technological development, are allocated approximately 19 trillion rubles.
Regional budgets have shown a combined deficit of 134 billion rubles for the first half of the year.
The main reason for regional deficits is increased spending on military recruitment.
Tax revenues from corporate profits have declined in many regions.
The government plans to increase borrowing through OFZs, with 7.7 trillion rubles planned for 2027.

Points of divergence

The cost of servicing the state debt in 2027 will reach 4.6 trillion rubles, or 9.4% of total expenditures. — thebell
The top 75 Russian dividend recipients will receive nearly 1.2 trillion rubles in 2026, a 50% decrease from 2025. — tg_radiosvoboda
The government revised its deficit forecast for 2027 upward from 3.1 trillion rubles to 5.5 trillion rubles. — tg_bbcrussian
The federal budget deficit for the first half of 2026 was 5.8 trillion rubles, exceeding the annual target by 1.5 times. — kommersant
The largest regional deficits were in Irkutsk Oblast (38.3 billion rubles), Krasnodar Krai (37.6 billion rubles), and Moscow Oblast (30.2 billion rubles). — tg_moscowtimes_ru

Coverage (20 sources)

Siluanov stated that the level of Russia's government debt will not exceed 25% of GDP by 2030 — Москва 24
Repair of "Russian Post" branches planned to be financed from budget supplementary revenues — Интерфакс
Russian Post in 2026 will receive 7 billion rubles to balance financial position — Интерфакс
Deficit of consolidated budget of Russian Federation in January-August decreased to 4.8 trillion rubles — Интерфакс
Ministry of Finance: Russia's budget deficit for nine months amounted to 5.2 trillion rubles — Ведомости
Ministry of Finance reported budget deficit for January-September at 2.2% of GDP — Вести
Oil and gas revenues of the Russian budget decreased compared to last year — Вести
Ministry of Finance estimates budget deficit for 9 months at 5.186 trillion rubles, or 2.2% of GDP — Интерфакс
Committee of the State Duma approved the report on the budget execution for 2025 — Интерфакс
Izvestia: Collectors will start collecting debts from Russians more actively — Вечерняя Москва
In Russia plans to increase revenues to the treasury from enforcement collection — Вести
From orphans to the front — Говорит НеМосква
In the budget of the Russian Federation for state programs of Minpromtorg, 5.9 trillion rubles were allocated — Вести
Economist claims Russia's budget deficit will be smaller than forecast — Вести
Silyanov: share of oil and gas revenues in the Russian Federation budget in 2027-2029 will not exceed 17% — Ведомости
Budget of Russia for 2027-2028 years ready for any scenarios, said Siluanov — Вести
Ministry of Finance: share of oil and gas revenues in the Russian Federation budget in 2027-2028 will not exceed 17% — Вести
Not all of the Russian economy's happiness lies in high oil prices. What to expect from the new budget for us all — Фонтанка
Reuters: In 2026, Russian oligarchs "voluntarily" contributed 471 million rubles to the state budget. This is more than 1% of all state... — Настоящее Время
Two-thirds of Russian regions will cut spending on construction and improvement due to budget deficit — The Moscow Times

Russia's 2027 Budget Deficit to Reach 5.5 Trillion Rubles

Consensus

Points of divergence

Coverage (20 sources)

Key entities

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