The draft budget of the Russian Federation provides for 1.6 trillion rubles annually to support the regions

The draft budget of the Russian Federation provides for the allocation of 1.6 trillion rubles annually to support the regions, Finance Minister Anton Siluanov said at parliamentary hearings in the Federation Council on the parameters of the draft federal budget of the Russian Federation for 2027–2029.

“We see that differentiation in terms of the level of budgetary provision remains. This means that maintaining the stability of regional budgets and stimulating their development is an important federal task. Therefore, the majority of interbudgetary transfers are money for co-financing state development programs, for those programs that provide growth in the regions,” he said.

“More than 42% of all interbudgetary transfers are aimed at these purposes. This is about 1.6 trillion rubles annually. And subsidies for the sustainability of regional budgets of about 1.4 trillion rubles will also be sent annually to the constituent entities of the Russian Federation,” Siluanov continued.

The Minister of Finance of the Russian Federation also noted that next year the equalizing effect of subsidies will be strengthened, and 100 billion rubles will be provided separately for entities “with complex budgets.” The Ministry of Finance will also continue to implement individual development programs for regions with a low level of development; 9 billion rubles will be allocated for these purposes annually.

“It is important that the regions continue the program to balance their budgets. Such programs have already been adopted by the constituent entities this year. And we can already see the result in the current year’s budgets. In turn, in order to ensure the balance of regional budgets, we will postpone the repayment of a third of the debt on budget loans by the regions from 2027-2029 to 2031-2033,” Siluanov added.

Support for regional investments will continue through treasury loans; annually, as in the current year, 150 billion rubles will be allocated to regional development programs, Siluanov said.