Russian authorities expect budget deficit at 2% of GDP in 2027
The government is completing the preparation of the economic forecast, which will form the basis of the federal budget for 2027-2029, President Vladimir Putin said. According to him, the budget deficit in 2027 is expected to be about 2% of GDP.
The government is completing the preparation of the economic forecast, which will form the basis of the federal budget for 2027-2029, President Vladimir Putin said. According to him, the budget deficit in 2027 is expected to be about 2% of GDP. In the current law, the deficit for 2027 is provided for at 1.2% of GDP.
According to preliminary estimates, colleagues will say more about this, the federal budget deficit is expected to be about 2%. And this is with a very conservative assessment of the oil price, Putin said at a meeting on economic issues (quoted on the Kremlin website).
As the President specified, the cutoff price for oil is planned to be set at $50 per barrel. In 2026, the figure is $59 per barrel.
According to the results of eight months of 2026, the budget deficit of Russia amounted to 5.795 trillion rubles, or 2.5% of GDP. The law on the budget for this year, the deficit was planned at the level of 3.786 trillion rubles, or 1.6% of GDP.
Read more in the material “Kommersant” “Less growth, more inflation”.
