Russian President Vladimir Putin has officially approved the federal budget for 2025 and the planned period of 2026-2027, marking a significant move towards economic stability and development in the country. The decision was announced on Sunday via a document released on the legal-acts portal.
According to the budget, Russia’s revenues in 2025 are projected to reach approximately 40.3 trillion rubles ($378.5 billion), while expenditures are expected to surpass 41 trillion rubles ($390 billion). This projection results in a manageable deficit of 0.5 percent of the Gross Domestic Product (GDP).
The nation’s GDP is projected to grow steadily, reaching 214.5 trillion rubles ($2.02 trillion) in 2025, 230.5 trillion rubles ($2.17 trillion) in 2026, and 248.3 trillion rubles ($2.33 trillion) in 2027. Inflation is forecasted to remain controlled, staying below 4.5 percent in 2025 and decreasing to 4 percent in the subsequent years.
The federal budget outlines key priorities, including meeting social obligations, enhancing national security and defense, advancing technological sovereignty, and developing infrastructure. Over the next three years, allocations include 21 trillion rubles ($197.3 billion) for social policies, 14 trillion rubles ($131.5 billion) for defense and law enforcement, and another 14 trillion rubles ($131.5 billion) dedicated to national economic development.
These investments reflect Russia’s commitment to fostering economic growth and ensuring the well-being of its citizens amidst global economic challenges.
The approval of this budget signals Russia’s strategic focus on strengthening its economy and infrastructure, while maintaining a balance between social welfare and national security.
Reference(s):
cgtn.com
