The government has submitted to the State Duma a draft federal budget for 2027–2029
Quick Look
- The Russian government has submitted to the State Duma a draft federal budget for 2027 and the planning period 2028–2029, which, according to the head of the Federation Council Committee on Budget and Financial Markets Anatoly Artamonov, is balanced.
- In 2027, 7 trillion rubles will be allocated for healthcare, including 1.8 trillion from the federal budget and 5.2 trillion from the Compulsory Medical Insurance Fund.
- 10 trillion rubles have been allocated for the “children’s budget” over three years, the payment and indexation of maternity capital will continue, insurance pensions will be increased twice in 2027: by 7% from February 1 and by 3.3% from April 1, reaching almost 30 thousand rubles by the end of the year.
AI-generated summary
Why It Matters
The 2027–2029 Budget Proposal is an annual process for developing the state's financial plan, which identifies spending priorities and funding sources. The current version emphasizes social obligations, health care, family support and technological development.
The government submitted to the State Duma a draft federal budget for 2027 and the planning period of 2028 and 2029, which, according to Anatoly Artamonov, is balanced.
7 trillion rubles will be allocated for healthcare in 2027, of which 1.8 trillion will come from the federal budget, and 5.2 trillion will come from the Federal Compulsory Health Insurance Fund.
It is planned to allocate 10 trillion rubles for the “children’s budget” for three years, continue the payment and indexation of maternity capital, and increase insurance pensions twice in 2027: by 7% from February 1 and by 3.3% from April 1.
MOSCOW, October 4 – RIA Novosti. The Russian government has prepared a balanced budget, social expenses, defense, and projects aimed at the technological development of the country will be fully financed, Anatoly Artamonov, head of the Federation Council Committee on Budget and Financial Markets, told RIA Novosti.
The Russian government on Wednesday submitted to the State Duma a draft federal budget for 2027 and the planning period of 2028 and 2029 and a package of documents for it.
“The Government of the Russian Federation and the Ministry of Finance have prepared a balanced draft budget, which is the most important condition for maintaining macroeconomic stability and reducing inflation. The draft budget guarantees the provision of all necessary expenses, primarily social expenses,” the politician said.
As for healthcare, expenses will increase compared to 2026, noted the head of the Federation Council committee.
“Next year alone, 7 trillion rubles will be allocated. In particular, 1.8 trillion will be provided in the federal budget and another 5.2 trillion through the Federal Compulsory Health Insurance Fund,” Artamonov explained.
"Children's budget" – provision is made for the allocation of 10 trillion rubles for three years. In addition, the payment of maternity capital will continue, and it will be indexed to the level of actual inflation, said the head of the Federation Council Committee.
“Insurance pensions will be increased twice in 27: from February 1 by almost 7% and from April 1 the insurance part of the pension will be further increased by 3.3%. Old-age insurance pensions at the end of 2027 will amount to almost 30 thousand rubles,” the politician noted.
Large funds have been allocated for the technological development of the country, to ensure that we ensure technological sovereignty, Artamonov noted.
“This has been going on for several years now, our policy leads to the fact that we see more and more products that replace imported ones and are by no means worse than them, both in machine tool building, in radio electronics, and in other areas. This will continue,” the legislator emphasized.
Funds have also been allocated in full for strengthening defense capabilities, Artamonov said. “Everything that needed to be financed will also receive sufficient amounts of financing,” the politician clarified.
What to Watch
AI outlook — possibilities, not facts
By the end of 2027, old-age insurance pensions will amount to almost 30 thousand rubles
Very likely · Within months
Continuation of the policy of import substitution in machine tool manufacturing, radio electronics and other industries
Likely · Within years
Open Questions
- What are the sources of funding for increased spending on health care and social programs?
- How is it planned to compensate for potential inflationary pressure from increased government spending?
- What specific measures are envisaged to achieve technological sovereignty?
- How will defense spending be ensured in full?
