income, expenses, inflation: State economy: Economics: Lenta.ru

President of Russia Vladimir Putin signed a law approving the country’s federal budget for 2025 and the planning period 2026-2027. Document was posted on the portal for the official publication of legal acts.

The text states that in 2025, budget revenues will be 40.296 trillion rubles, and expenses will be 41.469 trillion. In 2026, revenues should increase to 41.841 trillion rubles, in 2027 – to 43.154 trillion. Expenses – up to 44.022 trillion and 45.915 trillion rubles, respectively.

As emphasized, the budget deficit next year will be 0.5 percent of GDP, in 2026 – 0.9 percent of GDP, and in 2027 – 1.1 percent of GDP. The main source of financing the budget deficit will be domestic government borrowing.

It is specified that the upper limit of internal Russian public debt at the beginning of 2026 will be 29.386 trillion rubles, external – 61.1 billion dollars (55.5 billion euros); at the beginning of 2027 – 34.046 trillion rubles and 59.2 billion dollars (53.4 billion euros), respectively.

The document says that important priorities of the federal budget in the three-year period are the fulfillment by the state of social obligations to citizens, ensuring the security and defense of the country, achieving technological sovereignty and infrastructure development. Thus, spending on social policy in 2025-2027 will total about 21 trillion rubles, on national defense and security, law enforcement – 14 trillion, on the national economy – 14 trillion rubles.

Senators unanimously approved the draft federal budget

On Wednesday, November 27, Federation Council approved law on the federal budget of Russia for 2025 and the planning period 2026-2027. As noted, senators voted unanimously for the initiative. On November 21, the federal budget was approved by 335 votes in favor and State Duma.

In turn, the Prime Minister RF Mikhail Mishustin at a government meeting he said that the draft Russian budget it worked out balanced and moderately conservative. According to the head of government, the project took into account funds for the implementation of national projects.

Funds for the implementation of national projects are included in the draft federal budget. It turned out to be quite balanced and, one might say, moderately conservative

Mikhail MishustinPrime Minister of Russia

According to the prime minister, the country has achieved significant results in many areas of the economy. However, it is necessary to monitor the factors that influence the improvement of the efficiency of various industries and improve support tools, added Mikhail Mishustin.

The Ministry of Finance named social support and defense as priorities when forming the Russian budget

In September chapter Ministry of Finance of the Russian Federation Anton Siluanov listed during the meeting Russian government priorities in the formation of the federal budget. According to him, this issue concerns social support for the most vulnerable categories of citizens, spending on strengthening defense and security, which will fully ensure the objectives of the special military operation. He named ensuring technological leadership and expanding infrastructure as another important priority.

Deputy Chairman Security Council of the Russian Federation Dmitry Medvedevin turn, said that Russia will fulfill its social obligations to its citizens, despite the increase in military spending. The country’s development goals are maintained, he assured.

The state budget – and this is the social goal of the state – it still remains focused on achieving the development goals of our country

Dmitry MedvedevDeputy Chairman of the Russian Security Council

The head of state himself previously statedthat the total federal budget expenditures on defense are uncritical and, taking into account expenditures on all military purposes and security, amount to slightly more than 8 percent of Russian GDP. As Putin noted, in the Soviet Union such budget expenditures averaged 13 percent of GDP. He added that, according to a number of experts, the Russian economy has a certain margin of safety to increase the share of such expenses in the structure of the federal budget.

Features of budget execution in 2025 have been established in Russia

At the end of October, Vladimir Putin signed law on the specifics of budget execution in the country. This law suspends the operation of some norms of the Budget Code of the Russian Federation and introduces new ones.

For example, control over infrastructure projects, the money for which was taken from budget and treasury loans, is being tightened. The document also assumes that from 2025, state-owned companies will have to pay to the federal budget 50 percent of the market value of the assets transferred to them, seized by the state on the basis of court decisions. The bill was introduced in September simultaneously with the draft three-year budget.