MOSCOW: The State Duma, the lower house of the Russian parliament, has approved in the third and final reading the draft federal budget f...
MOSCOW: The State Duma, the lower house of the Russian parliament, has approved in the third and final reading the draft federal budget for 2025 and the planning period of 2026-2027.
According to the document, federal budget revenues are forecast to be 40.296 trillion rubles ($404.8 bln) in 2025, 41.84 trillion rubles ($420.3 bln) in 2026, and 43.154 trillion rubles ($433.5 bln) in 2027.
Expenditures are expected at 41.469 trillion rubles ($416.6 bln) in 2025, 44.022 trillion rubles ($442.2 bln) in 2026, and 45.915 trillion rubles ($461.2 bln) in 2027.
Deficit of federal budget is going to total 1.173 trillion rubles ($12 bln) in 2025, 2.181 trillion rubles in 2026, and 2.761 trillion rubles in 2027.
Russia’s GDP is projected at 214 trillion rubles in 2025 (up by 2.5%), 230 trillion rubles in 2026 (up by 2.6%), and at 248 trillion rubles in 2027 (up by 2.8%).
The ceiling of the state foreign debt will be $61.1 bln as of January 1, 2026, $59.2 bln as of January 1, 2027, and $56.5 bln as of January 1, 2028.
Inflation is expected at 4.5% in 2025, and at 4% in 2026 and 2027.
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