
The budget is focused on social obligations, defense needs and achieving national development goals
AI-generated summary
The bill on the federal budget for 2027-2029 was introduced by the Russian government and is being considered in the State Duma.
MOSCOW, October 1 - RIA Novosti. The Duma Committee on Property, Land and Property Relations recommended that the State Duma adopt in the first reading the bill on the federal budget for 2027 and for the planning period of 2028 and 2029.
The document was introduced by the government of the Russian Federation. The main characteristics of the draft budget are determined based on an inflation rate of no more than 4% per year and a projected GDP volume for 2027 in the amount of 248.323 trillion rubles, for 2028 - 263.724 trillion, for 2029 - 281.674 trillion.
Budget expenditures in 2027 are projected at 48.8 trillion rubles, revenues at 43.3 trillion. For 2028 and 2029, expenses are planned at 50.9 trillion rubles and 53.9 trillion, revenues - 45.8 trillion and 48.6 trillion, respectively. As a result, the budget deficit in 2027 is expected to be 2.2% of GDP, and in the next two years it will decrease to 1.9% of GDP.
The key priorities of the budget will be the fulfillment of social obligations, assistance to participants in a special military operation and their loved ones, meeting the defense and security needs of the state, as well as achieving national goals, including ensuring technological leadership and infrastructure development.
As committee chairman Sergei Gavrilov reminded reporters, according to the forecast, the privatization of federal property will bring 737 million rubles in 2027, and the sale of shares and interests will bring 3.1 billion. Dividend receipts, according to him, are expected in 2027 at 838.4 billion rubles, in 2028 - 914 billion, in 2029 - 985.6 billion, and from property management - 11.2 billion, 8.8 billion and 9 billion, respectively.
“We support the government’s approach to the disposal of federal property. During privatization, it is necessary to assess the consequences of selling each object or retaining it with the state... For large enterprises and stakes, the terms of the transaction should take into account investment, job creation and product output,” Gavrilov said.
According to him, the committee also proposes to allow regions to privatize property with a market value of up to 50 million rubles without inclusion in the forecast privatization program.
He also noted that expenses for the state program “National Spatial Data System” in 2027-2029 will amount to about 277 billion rubles and the committee supports the development of a digital platform and the protection of the unified state real estate register (USRN).
AI outlook — possibilities, not facts
Adoption of the bill in the first reading by the State Duma
Very likely · Within weeks

The draft federal budget of Russia for 2027–2029 provides for the allocation of about 2 trillion rubles to achieve technological leadership. Prime Minister Mikhail Mishustin emphasized the importance of implementing nine national projects to create new development markets.

State Duma deputy Tatyana Moskalkova has been proposed for the position of plenipotentiary representative of the lower house of parliament in the Constitutional Court of the Russian Federation. The draft resolution is included in the agenda of deputies for October 13, 2026.

American entrepreneur Elon Musk has sent more than $276 million to US Republican Party organizations since July to support the midterm elections. The businessman's total expenses for political purposes in the 2025–2026 cycle reached $366 million.

State Duma deputy Tatyana Moskalkova can be appointed plenipotentiary representative of the lower house of parliament in the Constitutional Court of the Russian Federation. The corresponding draft resolution was published in the Duma electronic database.

Republican Senator Thom Tillis said US President Donald Trump violated a 2022 law banning Russian oil imports by striking a deal to supply diesel fuel from Russia.

German Vice-Chancellor Lars Klingbeil announced difficult times ahead for Germany and the SPD amid the resignation of Bärbel Bas from the posts of Labor Minister and co-chairman of the party.