Russia’s State Duma committee began reviewing the 2026–2028 federal budget, focusing on social spending, defence, regional development, and technological leadership.
The Russia’s State Duma Committee on budget and taxes has begun reviewing the draft federal budget for 2026–2028. This announcement was made by the Russia’s Ministry of Finance on 13 October 2025.
At the committee meeting, Russian Finance Minister Anton Siluanov presented the key parameters of the federal budget for 2026 and the planned period of 2027–2028.
Siluanov described the federal budget as a tool for addressing the state’s socio-economic tasks, achieving national goals, and ensuring macroeconomic stability.
“The draft federal budget prepared for the upcoming three-year period is balanced and sustainable,” Siluanov emphasised. “Its key priorities are fulfilling social obligations to citizens, meeting defence and security needs, and achieving the national development goals set by the President.”
The budget deficit is projected to remain at a safe level of 1.6% of GDP in 2026, while public debt is expected to stay below 20% of GDP throughout the three-year period.
According to Siluanov, the budget reduces dependence on external price factors.
“The non-oil-and-gas deficit is decreasing — this year it will amount to 6.6%, in 2026 to 5.4%, and will later fall below 5%,” he noted. The National Wealth Fund (NWF) is projected to remain nearly unchanged during the first two years of the period, with a slight increase by 2028.
“The draft budget fully provides for the indexation of social obligations,” the Finance Minister stated. “Payments to veterans, people with disabilities, and maternity capital will be adjusted in line with the previous year’s inflation. Insurance pensions for both working and non-working pensioners will rise by 7.6% from 1 January 2026. This increase combines two indexations — for inflation and for the forecasted wage growth in 2026. In addition, the subsistence minimum will rise by RUB 1,200 in 2026 to reach RUB 18,939. This will allow for an increase in social benefits and payments calculated based on this indicator. The minimum wage will continue to increase rapidly, reaching RUB 27,093 in 2026 — significantly boosting the wages of low-income workers.”
One of the key budget priorities is strengthening demographics. The “children’s budget” over three years will exceed RUB 10 trillion. Programmes for the development of education and healthcare will also continue.
Siluanov emphasised that financial support for the country’s defence and security needs, as well as social assistance for families of participants in the Special Military Operation (SMO), remains a strategic priority. Additional funds will be allocated to combat unmanned aerial vehicles, enhance the security of transport infrastructure, and strengthen the safety of borders and newly integrated regions.
Technological leadership is among the national development priorities. Funding for this area in the upcoming three-year budget exceeds that in the 2025–2027 plan. Transport infrastructure will receive an additional RUB 4.6 trillion, which is RUB 400 billion more than in the previous cycle.
“Achieving better results must come not only from increased funding but also from more efficient use of budget resources. Every rouble invested in technological leadership and infrastructure should generate economic growth for the country,” Siluanov said.
The Finance Minister also highlighted regional development. In interbudgetary relations, the key priority reflected in the draft budget is ensuring the balance of regional budgets to achieve national development goals.
“Education and healthcare, infrastructure development, and creating comfortable living conditions are all regional development tasks requiring proper resources,” Siluanov said.
The government will continue implementing individual development programmes for regions with low socio-economic indicators. Annual budget loans for regional infrastructure development will total RUB 150 billion. A debt relief programme has also been launched, under which two-thirds of regions’ budget loan debts will be written off. Out of RUB 1.1 trillion, RUB 165.9 billion has already been forgiven, the Finance Minister noted.
Earlier, Russia’s Ministry of Finance submitted a series of draft laws to the government on 24 September 2025, which include amendments to the 2025 budget law, the draft federal budget for 2026 and the planning period of 2027 and 2028, as well as draft laws introducing specific changes to the budget and tax codes.
