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Russia submits 2027-29 budget with record deficit forecast

By Drooid · Oct 1, 2026, 6:11 PM UTC · How we work

Summary

Story summary

The Russian government submitted its three-year draft federal budget for 2027-29 to the State Duma.
The 2026 deficit is projected at a record 7.345 trillion rubles ($88 billion), nearly double the prior forecast.
The deficit would equal 3.2% of GDP, double the earlier 1.6% target.
Combined deficits for 2027-2029 are expected to total nearly 16 trillion rubles ($192 billion).
President Vladimir Putin said the deficit poses no critical risk to the Russian economy.

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Story summary

The Russian government submitted its three-year draft federal budget for 2027-29 to the State Duma.
The 2026 deficit is projected at a record 7.345 trillion rubles ($88 billion), nearly double the prior forecast.
The deficit would equal 3.2% of GDP, double the earlier 1.6% target.
Combined deficits for 2027-2029 are expected to total nearly 16 trillion rubles ($192 billion).
President Vladimir Putin said the deficit poses no critical risk to the Russian economy.