St. Petersburg has an opportunity to reduce the budget deficit in a successful situation St. Petersburg's budget deficit by 2029 will be halved. St. Petersburg will be able to reduce the deficit of the city treasury only if the macroeconomic background is favorable. This assessment of the budget proposal for 2027-2029, presented by the governor to the Legislative Assembly, was given by Anna Costenda, an associate professor at the Department of Management of the Presidential Academy in St. Petersburg, in an interview with the St. Petersburg Evening. The document passed its first reading. It has a deficit of 103.4 billion rubles for 2027: revenues are planned at 1.52 trillion dollars, expenses are 1.62 trillion. According to Kostanda, this is a moderate deficit budget with a prominent social dominant. On the one hand, it continues its policy of increasing revenues and maintaining social obligations, on the other hand, it reveals structural problems related to lack of funding. As presented by Alexander Beglov, the project reflects a compromise between the need to close several areas and the priorities of the city. The gap between income and expenditure is gradually narrowing: this year, the deficit decreased by 42%, over 103 billion rubles, and by 2029 it is planned to be halved.

St. Petersburg has an opportunity to reduce the budget deficit in a successful situation St. Petersburg's budget deficit by 2029 will be halved. St. Petersburg will be able to reduce the deficit of the city treasury only if the macroeconomic background is favorable. This assessment of the budget proposal for 2027-2029, presented by the governor to the Legislative Assembly, was given by Anna Costenda, an associate professor at the Department of Management of the Presidential Academy in St. Petersburg, in an interview with the St. Petersburg Evening. The document passed its first reading. It has a deficit of 103.4 billion rubles for 2027: revenues are planned at 1.52 trillion dollars, expenses are 1.62 trillion. According to Kostanda, this is a moderate deficit budget with a prominent social dominant. On the one hand, it continues its policy of increasing revenues and maintaining social obligations, on the other hand, it reveals structural problems related to lack of funding. As presented by Alexander Beglov, the project reflects a compromise between the need to close several areas and the priorities of the city. The gap between income and expenditure is gradually narrowing: this year, the deficit decreased by 42%, over 103 billion rubles, and by 2029 it is planned to be halved.