operational summary. Top 5 for October 29 1. Last day of the Russia-Africa summit Russian President Vladimir Putin, during the plenary meeting of the Russia-Africa summit, referred to the priorities for the development of Russia-Africa relations outlined at the meeting: investments, infrastructure, agriculture, energy, education, access to markets. "You know, I won't say anything unexpected, but this is completely in line with Russia's interests, especially in today's conditions, when many sanctions are applied to the Russian economy and Russian enterprises. Our companies are simply interested in transferring certain production facilities to African countries, there is a mutual interest." said the head of state.
The trade turnover between Russia and Africa - 27 billion dollars - is far from the limit, it can certainly be increased. Russian President Vladimir Putin stated this at a press conference after the Russia-Africa summit. "An extensive list of specific tasks for the development of Russia's relations with the countries of the continent - in the fields of economy and trade, social and humanitarian - and for the implementation of the decisions of the current summit is included in the joint action plan that we approved today for the period until 2029," Putin said. 2. On the budget the State Duma adopted in first reading the draft federal budget for the years 2027-2029.
Federal budget revenues in 2027 are planned at 43.3 trillion rubles, expenses - 48.7 trillion rubles. The deficit will be 5.4 trillion rubles, or 2.2% of GDP.
In 2028, budget revenues should increase to 45.8 trillion rubles, expenses - to 50.9 trillion rubles, and the deficit will be 5.1 trillion rubles. In 2029, revenues are expected at 48.6 trillion rubles, expenditures at 53.9 trillion rubles and a deficit of 5.3 trillion rubles. In the last two years of the planning period, the deficit is expected to stand at 1.9% of GDP. The calculations are based on an inflation forecast of no more than 4% per year. The GDP forecast is 248.32 trillion rubles in 2027, 263.72 trillion rubles in 2028 and 281.67 trillion rubles in 2029.