Russia Approves 2027–2029 Budget Draft
The draft law on the federal budget for 2027 and the planned period of 2028 and 2029 was approved at a government meeting. Earlier, Russian Prime Minister Mikhail Mishustin stated that Russia's budget revenues in 2027 are projected at 43.3 trillion rubles, with expenditures totaling 48.8 trillion rubles.
Consensus
- The Russian government approved the draft federal budget for the period 2027–2029.
- The budget for 2027 is projected to have revenues of 43.3 trillion rubles.
- The budget for 2027 is planned to have expenditures of 48.8 trillion rubles.
- The main priorities include fulfilling social obligations, supporting families with children, aiding participants of the special military operation and their relatives, and achieving national goals.
- The budget is based on a conservative oil price assumption of around $50 per barrel.
- The government plans to maintain federal support for regions at the 2026 level.
- The budget will include funding for social insurance funds, mandatory medical insurance, and national projects.
- The approval took place on September 24.
- The Ministry of Finance and Prime Minister Mikhail Mishustin both emphasized the importance of financial stability and long-term economic growth.
Points of divergence
- The Ministry of Finance proposed including passive income such as dividends and interest from deposits in the tax base for personal income tax, affecting up to 6% of the population. — vm
- The projected deficit for 2027 is around 2% of GDP, which is considered non-risky by the Minister of Finance, and this figure is higher than the current budget's deficit of 1.2% of GDP. — fontanka
- The projected GDP growth for 2027 is 1.4%, accelerating to 2.4% by 2029. — tg_tass_agency
- The Ministry of Finance plans to include digital platforms' data exchange with the Federal Tax Service starting October 1, 2026. — vm
Coverage (9 sources)
- Cabinet approved project of Russian Federation budget for 2027-2028 years — Вести
- Mishustin spoke about the specifics of the budget project for the next three years — Вести
- In the draft budget of the Russian Federation for 2027-2028 years, current challenges facing Russia are taken into account, Mishustin stated. Main: — ТАСС (Telegram)
- Siluanov: Budget for three years is aimed at ensuring stability of state finances — Вечерняя Москва
- Ministry of Finance prepared budget parameters for 2027-2028-2029 years — Вести
- «Not easy»: Siluanov — on the budget — Фонтанка
- Siluanov: Russia prepares for a difficult budget for the next three years — Вечерняя Москва
- Mishustin: federal budget must be balanced — Ведомости
- Silyanov called the Russian Federation federal budget for the next three years difficult. — ТАСС (Telegram)
Key entities
- Russia
- Anton Siluanov
- Mikhail Mishustin
- Moscow
- Ministry of Finance
- Ministry of Finance
- Max
- Central Bank
- TASS
- SVO
- Cabinet of Ministers
- Federal Assembly
- Moscow Government/Raplti/TASS
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