The budget committee of the State Duma recommended adopting the draft federal budget for the years 2027-2029 in first reading, Vadomosti writes. In 2027, revenues are planned at 43.3 trillion rubles, expenses will amount to 48.7 trillion rubles. The deficit is expected to fall from 2.2% of GDP in 2027 to 1.9% in 2029, with no plans to use NWF funds to cover it. The representatives called for a balanced document, but warned against the risks of accelerating inflation, the growing debt burden and the lack of revenues from oil and gas amid tight financial conditions that could curb investment.

The budget committee of the State Duma recommended adopting the draft federal budget for the years 2027-2029 in first reading, Vadomosti writes. In 2027, revenues are planned at 43.3 trillion rubles, expenses will amount to 48.7 trillion rubles. The deficit is expected to fall from 2.2% of GDP in 2027 to 1.9% in 2029, with no plans to use NWF funds to cover it. The representatives called for a balanced document, but warned against the risks of accelerating inflation, the growing debt burden and the lack of revenues from oil and gas amid tight financial conditions that could curb investment.