Russian Government submits 2027-2029 federal budget draft to State Duma

October 1, 2026 at 12:01 AM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

The Russian government submitted its draft federal budget for 2027-2029 to the State Duma on September 30, 2026. The draft sets 2027 expenditures at 48.8 trillion rubles and revenues at 43.3 trillion rubles. The government said the budget is balanced and fully funds social priorities.

Key Facts

The draft budget projects 2027 expenditures of 48.8 trillion rubles and revenues of 43.3 trillion rubles.
Healthcare spending will exceed 7 trillion rubles in 2027, and the three-year 'children's budget' will total more than 10 trillion rubles.
The subsistence minimum will rise 6.8% to 20,227 rubles per capita in 2027, and the minimum wage will rise 6.8% to 28,935 rubles.
The government plans to allocate 6.4 trillion rubles for technological leadership national projects and infrastructure development over 2027-2029.
An additional 100 billion rubles in balancing subsidies will go to regions with difficult budgets in 2027.

Budget Parameters

The draft sets 2027 expenditures at 48.8 trillion rubles and revenues at 43.3 trillion rubles. For 2028, expenditures are planned at 50.9 trillion rubles and revenues at 45.8 trillion rubles. For 2029, expenditures are set at 53.9 trillion rubles and revenues at 48.6 trillion rubles. The government said the budget is balanced, which it called an important condition for macroeconomic stability and lower inflation.

Social Spending

Healthcare spending will exceed 7 trillion rubles in 2027. The three-year 'children's budget' will total more than 10 trillion rubles. The draft continues payments of the unified allowance and maternity capital, indexed to actual inflation. It also provides an annual family payment refunding part of personal income tax for citizens with two or more children. Education infrastructure will receive more than 100 billion rubles, with 150 new schools planned by 2030 and 201.4 billion rubles for capital repairs.

Economic Assumptions

The draft is based on the baseline forecast for socio-economic development. The forecast assumes the Russian economy will grow 1.4% in 2027 and accelerate to 2.4% in 2029. The subsistence minimum will rise 6.8% to 20,227 rubles per capita in 2027. The minimum wage will also rise 6.8% to 28,935 rubles in 2027. The government also submitted draft budgets for extra-budgetary funds and other key financial documents to the State Duma.