Mishustin submitted to the State Duma a draft federal budget for 2027-2029
Quick Look
- Prime Minister of the Russian Federation Mikhail Mishustin submitted a draft federal budget for 2027-2029 to the State Duma.
- According to the document, in 2027 the economy will grow by 1.4%, in 2029 - by 2.4%.
- Expenses will amount to 48.8 trillion rubles in 2027 and will increase to 53.9 trillion by 2029, revenues will be 43.3 trillion and 48.6 trillion rubles, respectively.
AI-generated summary
Why It Matters
The draft budget is based on the basic version of the socio-economic development forecast. It sets government policy priorities for the next three years, including social support, defense and achieving national goals.
The bill on the federal budget for 2027-2029 has been submitted to the State Duma for consideration. The order to introduce it was signed by Russian Prime Minister Mikhail Mishustin, according to the government website.
The draft of the new three-year budget is based on the basic version of the socio-economic development forecast. According to it, in 2027 the Russian economy will grow by 1.4 percent, and in 2029 the dynamics will accelerate to 2.4 percent. Expenses in 2027 will amount to 48.8 trillion rubles, revenues will be 43.3 trillion. For 2028 and 2029, expenses are set at 50.9 and 53.9 trillion rubles, revenues at 45.8 and 48.6 trillion rubles, respectively.
The key priorities of the main financial document are the fulfillment of social obligations to citizens, including support for families with children, development of healthcare and education, assistance to participants in a special military operation (SVO) and their loved ones; meeting defense and security needs; achieving national goals, including ensuring technological leadership and infrastructure development.
Open Questions
- What specific measures are provided to support families with children?
- How will technological leadership be ensured under sanctions?
- What sources of financing the budget deficit are planned?
