Radar Telegram alerts Open Radar

The budget committee of the State Duma recommended adopting the federal budget for the years 2027-2029 in the first reading. For 2027, revenues are planned at 43.3 trillion rubles and expenses at 48.7 trillion. The difference is 5.4 trillion rubles, so the budget was initially created with a deficit. The government expects to gradually reduce the deficit from 2.2% of GDP in 2027 to 1.9% by 2029. At the same time, it is not expected to cover the gap in funds from the National Welfare Fund. The representatives saw the project as balanced, but at the same time pointed out risks that could change the calculations. Among them is accelerated inflation, an increase in the debt burden and a lack of revenues from oil and gas. Tight monetary conditions may further discourage investment. The main contradiction of the three-year plan lies in the combination of significant spending surpluses and expectations for a gradual reduction of the deficit. Achieving this route depends on the sustainability of the revenues and the ability to contain costs.

תרגם לעברית

Экономистика · · Source

The budget committee of the State Duma recommended adopting the federal budget for the years 2027-2029 in the first reading. For 2027, revenues are planned at 43.3 trillion rubles and expenses at 48.7 trillion. The difference is 5.4 trillion rubles, so the budget was initially created with a deficit. The government expects to gradually reduce the deficit from 2.2% of GDP in 2027 to 1.9% by 2029. At the same time, it is not expected to cover the gap in funds from the National Welfare Fund. The representatives saw the project as balanced, but at the same time pointed out risks that could change the calculations. Among them is accelerated inflation, an increase in the debt burden and a lack of revenues from oil and gas. Tight monetary conditions may further discourage investment. The main contradiction of the three-year plan lies in the combination of significant spending surpluses and expectations for a gradual reduction of the deficit. Achieving this route depends on the sustainability of the revenues and the ability to contain costs.

The budget committee of the State Duma recommended adopting the federal budget for the years 2027-2029 in the first reading. For 2027, revenues are planned at 43.3 trillion rubles and expenses at 48.7 trillion. The difference is 5.4 trillion rubles, so the budget was initially created with a deficit. The government expects to gradually reduce the deficit from 2.2% of GDP in 2027 to 1.9% by 2029. At the same time, it is not expected to cover the gap in funds from the National Welfare Fund. The representatives saw the project as balanced, but at the same time pointed out risks that could change the calculations. Among them is accelerated inflation, an increase in the debt burden and a lack of revenues from oil and gas. Tight monetary conditions may further discourage investment. The main contradiction of the three-year plan lies in the combination of significant spending surpluses and expectations for a gradual reduction of the deficit. Achieving this route depends on the sustainability of the revenues and the ability to contain costs.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram