What Tax Initiatives Mean for Businesses and Citizens
The Ministry of Finance submitted to the government the draft federal budget for 2027-2029 - the Cabinet considered and approved the document at a meeting on September 24. The project will be sent to the State Duma until October 1, Prime Minister Mikhail Mishustin said during a government meeting. According to him, federal budget revenues in 2027 will amount to 43.3 trillion rubles, expenses - 48.8 trillion rubles. Thus, the budget deficit next year will be 5.5 trillion rubles (or 2.2% of GDP).
The Ministry of Finance submitted to the government the draft federal budget for 2027-2029 - the Cabinet considered and approved the document at a meeting on September 24. The project will be sent to the State Duma until October 1, Prime Minister Mikhail Mishustin said during a government meeting. According to him, federal budget revenues in 2027 will amount to 43.3 trillion rubles, expenses - 48.8 trillion rubles. Thus, the budget deficit next year will be 5.5 trillion rubles (or 2.2% of GDP).
