The government submitted to the Duma the draft federal budget for 2027-2029

The Russian government submitted to the State Duma a draft federal budget for 2027-2029. The order on its introduction was signed by the Prime Minister Mikhail Mishustin.

The draft federal budget is based on the basic version of the forecast of socio-economic development. He suggests that in 2027 the Russian economy will grow by 1.4%, and in 2029 the dynamics will accelerate to 2.4%.

Key priorities of the new three-year budget:

fulfillment of social obligations to citizens, including support for families with children, development of health and education, assistance to special military operations and their loved ones; provision of defense and security needs; achievement of national goals, including providing technological leadership and infrastructure development.

According to the project, in 2027, expenses will amount to 48.8 trillion rubles, and revenues - 43.3 trillion rubles. For 2028 and 2029, expenditures are set at 50.9 trillion and 53.9 trillion rubles, revenues are 45.8 trillion and 48.6 trillion rubles, respectively.

“The draft budget is balanced, which is an important condition for maintaining macroeconomic stability and reducing inflation. Taking into account priority tasks, it fully takes into account the necessary amounts of financing for socially significant areas, the government said.

Thus, the project implies an increase in health care costs. Only in 2027, more than 7 trillion rubles will be allocated for the development of this industry. “Children’s budget” for three years will be more than 10 trillion rubles.

The project provides for the continuation of the payment of a single benefit and maternity capital, which will be indexed by the level of actual inflation, the annual family payment in the form of reimbursement of part of the paid tax on the income of individuals to citizens with two or more children.

Insurance pensions in 2027 will increase twice: from February 1, by 6.8% and from April 1, by 3.3%. The average old-age pension at the end of the year will be 29,904 rubles. In addition, next year the maximum amounts of benefits for temporary disability, pregnancy and childbirth, as well as the monthly childcare allowance will increase.

In general, it is planned to allocate 1.6 trillion rubles for the payment of insurance for temporary disability and in connection with maternity. For the implementation of the project “Long and active life”, in turn, 561 billion rubles are provided.

Funding is also provided for the development of the education industry. The focus is on infrastructure development – more than 100 billion rubles will be allocated for this. According to the plan, 150 new schools will be built by 2030, and 201.4 billion rubles will be allocated for the overhaul of educational institutions. About 73.4 billion rubles will be allocated for the repair and construction of new kindergartens.

The subsistence minimum in 2027 will increase by 6.8% and will amount to 20,227 rubles per capita in the country as a whole. This will increase the amount of benefits and social benefits. The minimum wage in 2027 will also increase by 6.8% to 28,935 rubles.

In addition to the draft federal budget, draft budgets of extra-budgetary funds and a number of other documents of decisive importance for the state finances were sent to the State Duma.

6.4 trillion rubles will be allocated for the implementation of national projects of technological leadership and infrastructure development in 2027-2029. In particular, the allocation to the national project "Tanks" (135 billion rubles for three years) will continue. R&D provides 520 billion rubles.

Among other things, the financing of road facilities, in the future, will exceed 4.4 trillion rubles. over the next three years. Another 65 billion rubles will be allocated to upgrade public transport.

About 19 trillion rubles are reserved for the activities of national projects in the draft budget for three years. Assistance to regional development will be provided, among other things, through treasury infrastructure loans, for which 150 billion rubles are provided annually.

In addition, in 2027, an additional 100 billion rubles in the form of subsidies for balance will be allocated to regions with complex budgets.

The project also provides for the postponement of repayment of debts on budget loans by the regions beyond 2030 to reduce the debt burden.

The Ministry of Finance submitted to the government a budget package for 2027 and the planning period of 2028 and 2029 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 ministry said.