The Ministry of Finance submitted a draft budget with the priority of expenses and whitewashing measures

The Ministry of Finance submitted to the government a budget package for 2027 and the planning period of 2028 and 2029, the press service of the ministry reported on September 24.

"The budget policy for the next three years is aimed at fulfilling all social obligations of the state, ensuring the needs of the defense and security of the country, social support for the participants of the SVO and their families, ensuring technological leadership," the report says.

The budget is balanced, the annual deficit is laid at the level of about 2% of GDP, the Ministry of Finance indicates. “The budget package provides for a set of measures to prioritize spending, and resources are focused on the most important areas for the state and citizens,” said Minister Anton Siluanov.

According to the ministry, the base price for oil in the draft budget is set at $50 per barrel, that is, if actual prices exceed the base surplus of income, they will go to the National Welfare Fund. “The strategic priority of the budget is financial support for the needs of the defense and security of the country, social support for the participants of the SVO and their families,” the Ministry of Finance noted.

There are a number of changes to the Tax Code aimed at “increasing the sustainability of the budget system”, while maintaining the “fairness and efficiency of the tax system”.

Thus, the five-stage progressive personal income tax scale will be extended to “passive” income – for dividends, interest from deposits, securities transactions, from the sale of property and the sale of participation shares. Currently, such income is taxed at rates of 13 and 15%. These changes will not affect the participants of the special military operation.

In addition, it is proposed to establish for mutual investment funds (PIF) obligations to pay income tax on passive income at a rate of 15%. Now the PIF does not pay income tax, which creates prerequisites for tax optimization, the Ministry of Finance explains.

It is also proposed to increase the income tax rate on dividends paid in favor of non-residents to C accounts to 35%.

Among the measures to whitewash the economy in the draft budget:

VAT at a standard rate of 22% for the purchase of cross-border e-commerce goods (pay it as agents will be sites); customs fee of 100 rubles for parcels for personal consumption goods worth up to €200.

In addition, the adjustment of taxation of natural rent is provided. In the mining and metallurgical sector, it is proposed to introduce a tax for individual mining organizations in the amount of 30% of additional income received as a result of an increase in world prices in ruble equivalent for solid minerals to the level of the base year 2024 (20% for gold).