Russia Approves 2027–2029 Budget with Tax and Spending Plans
The Government approved the project for a new three-year budget. The bill on the federal budget for 2027 and the planned period of 2028 and 2029 was approved at a Government meeting.
Consensus
- The Russian government approved the federal budget for 2027 and the planning period of 2028–2029.
- Key priorities of the budget include fulfilling social obligations, supporting families with children, ensuring defense and security, aiding participants in the special military operation and their families, and achieving national technological goals.
- The budget includes planned increases in pensions and social benefits for 2027.
- The Ministry of Finance submitted the budget package to the government.
- The budget will be submitted to the State Duma.
- The budget deficit is expected to be around 2% of GDP annually.
- The base oil price is fixed at $50 per barrel starting in 2027.
- The 'children's budget' will amount to 10 trillion rubles over three years.
- Tax changes include expanding the tax base for personal income tax (NDFL) to include dividends, interest, capital gains, and digital rights, with rates between 13% and 22%.
- The tax changes will not affect income up to 1 million rubles or income of participants in the special military operation.
- The unified tax rate will apply to no more than 6% of the population.
- Regional budget credit repayments will be deferred for 2027–2028, allowing reallocation of 300 billion rubles.
Points of divergence
- The government had to cut spending by 2 trillion rubles and seek additional revenue sources. — tg_radiosvoboda
- Household utility tariffs will rise ahead of schedule, and electricity prices for the public will increase by a record 14.4% next year. — tg_radiosvoboda
- The Ministry of Finance proposes including digital rights, insurance contracts, and gifts in the NDFL base. — kommersant
- Over 105 billion rubles are allocated for building 150 new schools by 2030, and over 47 billion for kindergarten repairs. — gazeta_spb
- 80 billion rubles will be spent on university dormitories and 65 billion on technical colleges. — gazeta_spb
- Nearly 278 billion rubles will go toward updating primary healthcare facilities. — gazeta_spb
- Over 4.4 trillion rubles will be allocated for road infrastructure, and 65.3 billion for public transport. — gazeta_spb
- 1.9 trillion rubles will be directed toward improving housing conditions for families with children. — gazeta_spb
Coverage (6 sources)
- Will reach tariffs. What is being prepared for in 2027 — Радио Свобода
- Government approved project of new three-year budget — Правительство России
- Government approved budget project for 2027-2029 years — Ведомости
- Government approved budget project for 2027-2028 years — Коммерсантъ
- Government of the Russian Federation approved the budget project for the next three years — Фонтанка
- Ministry of Finance sent to the Cabinet of Ministers a draft federal budget for three years - SPb Gazeta - Saint Petersburg news — Gazeta.SPb
Key entities
- Russia
- Ministry of Finance
- Ministry of Finance
- State Duma
- Government
- Mikhail Mishustin
- Anton Siluanov
- Saint Petersburg
- SPB RU News Newspaper
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