Maxim Oreshkin: the draft budget of the Russian Federation for 2027–2029 is based on conservative estimates
The Deputy Head of the Presidential Administration of the Russian Federation announced the financial stability of the budget and the absence of reasons to fear risk scenarios.
Quick Look
- Deputy Head of the Russian Presidential Administration Maxim Oreshkin said that the draft federal budget for 2027–2029 is based on conservative oil prices.
- The priorities of the document were social obligations, family support, defense and security of the country.
AI-generated summary
Why It Matters
The Russian government has submitted to the State Duma a draft federal budget for 2027–2029. The document defines the main financial parameters and priorities of government spending.
Brief retelling from RIA II
Deputy Head of the Russian Presidential Administration Maxim Oreshkin believes that Russia’s draft budget for the next three years is based on conservative estimates of oil prices, so there is no need to fear risky scenarios.
The key priorities of the draft federal budget for 2027–2029 are the fulfillment of social obligations, support for families with children, ensuring defense and security, assistance to participants in a special military operation and their loved ones, and achieving national goals.
Expenses and income are projected at the following levels: in 2027 - 48.8 trillion and 43.3 trillion rubles, in 2028 - 50.9 trillion and 45.8 trillion rubles, in 2029 - 53.9 trillion and 48.6 trillion rubles, respectively.
MOSCOW, October 4 - RIA Novosti. Russia's draft budget for the next three years is based on conservative estimates of oil prices, so there is no need to fear risky scenarios, says Deputy Head of the Russian Presidential Administration Maxim Oreshkin.
“We are doing well with our strength. The budget that the government has now submitted to the State Duma is a budget for financial sustainability, financial stability. There is absolutely no need to fear any risky scenarios here. Low oil prices and a very conservative approach are included, so everything is stable here,” Oreshkin told Vesti author Pavel Zarubin.
The Russian Cabinet of Ministers on Wednesday submitted to the State Duma a draft federal budget for 2027-2029. Its key priorities are fulfilling social obligations to citizens, supporting families with children, ensuring defense and security, helping participants in special military operations and their loved ones, achieving national goals, including ensuring technological leadership.
Budget expenditures in 2027 are projected at 48.8 trillion rubles, revenues - 43.3 trillion rubles. For 2028 and 2029, expenses are set at 50.9 trillion and 53.9 trillion rubles, revenues - 45.8 trillion and 48.6 trillion rubles, respectively.
Open Questions
- How will funds be distributed among specific ministries?
