
AI-generated summary
The Government of the Russian Federation is considering the draft federal budget for 2027 and the planning period 2028-2029.
Federal budget expenditures for 2027 are planned at 48.8 trillion rubles.
Russia's fiscal policy will be aimed at fulfilling social obligations, ensuring defense and technological leadership.
MOSCOW, September 24 - RIA Novosti. Federal budget expenditures for 2027 are planned at 48.8 trillion rubles, said Russian Prime Minister Mikhail Mishustin.
“For next year, expenses are planned at the level of forty-eight trillion eight hundred billion rubles,” Mishustin said at a government meeting on Thursday.
At a meeting on Thursday, the Russian government is considering the draft federal budget for 2027 and for the planning period of 2028 and 2029, as well as the forecast for socio-economic development for this period.

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 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.