
Russian Minister of Economic Development Maxim Reshetnikov said that the draft federal budget for 2027–2029 creates conditions for easing monetary policy and stimulating investment activity in the country.
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The Ministry of Economic Development presented the draft budget for 2027–2029 at a government meeting.
Russian Minister of Economic Development Maxim Reshetnikov believes that the draft federal budget of the Russian Federation for 2027–2029 creates space for easing monetary conditions.
The easing of monetary conditions and the restoration of investment activity are possible thanks to the budgetary design of the draft federal budget, presented by Reshetnikov at a government meeting.
MOSCOW, September 24 - RIA Novosti. The draft federal budget of the Russian Federation for 2027-2029 creates space for easing monetary conditions and restoring investment activity, says Russian Minister of Economic Development Maxim Reshetnikov.

Russian Prime Minister Mikhail Mishustin said that the main goal of monetary policy for the next three years will remain to keep inflation at around 4%. The statement was made during a government meeting.

Minister of Economic Development Maxim Reshetnikov presented a forecast according to which inflation in Russia will return to the target of 4% by the end of 2027. The forecast covers the period until 2029.

The wholesale price for pollock in the Far East reached 215 rubles per kilogram, showing an annual increase of 59.3%. Experts cite high export demand, a decrease in catches of other fish species, and the industry’s desire to compensate for rising costs as the main reasons.

The Bank of Russia explained that the key rate regulates overall inflation in the country, and not the prices of goods in individual regions. The regulator seeks to balance supply and demand to prevent local price hikes from turning into nationwide inflation.

Russian Minister of Economic Development Maxim Reshetnikov said that oil production in Russia in 2024 will amount to 494 million tons. According to the forecast, by 2027 the figure will increase to 500 million tons, and in 2028–2029 it will reach 505 million tons.

Russian Prime Minister Mikhail Mishustin announced that federal budget expenditures for 2027 will amount to 48.8 trillion rubles. Budgetary policy focuses on social obligations, defense and technological development.