Russia's 2027 Budget Deficit to Reach 5.5 Trillion Rubles
Budget revenues amounted to 18.5 trillion rubles over six months (45.9% of the forecasted volume), of which 3.5 trillion rubles were oil and gas revenues, and non-oil and gas revenues were 14.9 trillion rubles.
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 (11 sources)
- Government of Russia approved budget package, including, in addition to the federal budget project for the next three years... — Радио Свобода
- Russia in 2027 budget will cut spending on healthcare, education and social support of citizens in favor of record war expenses — The Moscow Times
- Interest on state debt in 2027 will cost Russia 4.6 trillion rubles — almost as much as roads, transport and agriculture combined — The Bell
- Billions short of billions. How the budget is turning out — Радио Свобода
- In budgets of Russian regions a hole of 134 billion rubles formed in six months — The Moscow Times
- Deficit of the Russian budget is becoming larger. What is happening? — BBC News Русская служба
- Deficit of the Russian Federation federal budget in 2027 will be about 5.5 trillion rubles — ASTRA
- Mishustin: Russia's budget expenditures for 2027 are planned at 48.8 trillion rubles — Ведомости
- Mishustin revealed the size of income and expenditure of the budget of the Russian Federation for 2027 — Вести
- Audit Chamber assessed Russia's budget deficit at 5.8 trillion rubles over six months — Коммерсантъ
- Deficit of the Russian federal budget reached 5.8 trillion rubles by the end of six months of 2026, according to a report of the... — Varlamov News
Key entities
- Russia
- Mikhail Mishustin
- Chamber of Accounts
- Ministry of Finance
- Reuters
- Moscow
- Ukraine
- Anton Siluanov
- BBC
- Forbes
- C
- Olga Shamina
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