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

The Russian government has submitted a draft federal budget for 2027 and the planning period of 2028-2029 to the State Duma, with Prime Minister Mikhail Mishustin signing the order for its submission. The draft projects federal expenditures of 48.8 trillion rubles and revenues of 43.3 trillion rubles for 2027, with a planned deficit of 5.5 trillion rubles. For 2028 and 2029, expenditures are set at 50.9 trillion and 53.9 trillion rubles, respectively, with corresponding deficits of 5.1 trillion and 5.3 trillion rubles. The government states that funding for social priorities is fully accounted for, including increased healthcare spending of over 7 trillion rubles in 2027. The "children's budget" totals over 10 trillion rubles across three years, with over 100 billion rubles allocated for school construction and repairs.