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Mishustin Submits 2027 Budget With 27% Defense Boost

By Drooid · Oct 4, 2026, 4:55 PM UTC · How we work

Summary

Story summary

Prime Minister Mikhail Mishustin submitted a 2027 budget allocating over 17.1 trillion rubles to defense.
The draft raises defense spending by about 27 percent compared with the 2026 plan.
If approved, defense would consume roughly 35 percent of federal spending in 2027.
The budget would create deficits exceeding 5 trillion rubles each year for the next three years.
Russia plans a windfall tax on metal, mining and fertilizer firms and has raised VAT rates.

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Story summary

Prime Minister Mikhail Mishustin submitted a 2027 budget allocating over 17.1 trillion rubles to defense.
The draft raises defense spending by about 27 percent compared with the 2026 plan.
If approved, defense would consume roughly 35 percent of federal spending in 2027.
The budget would create deficits exceeding 5 trillion rubles each year for the next three years.
Russia plans a windfall tax on metal, mining and fertilizer firms and has raised VAT rates.