Siluanov's budget draft Funding and tax proposals

Oct 5

Siluanov presents the submitted 2027–2029 draft as resilient, citing the Urals cutoff falling from $59 to $50, oil-and-gas revenue at no more than seventeen percent, a roughly five-percent non-oil-and-gas balance and deficit around two percent of GDP. He forecasts real-income growth of 1.4% in 2027 and about 2.5% annually thereafter. Social proposals include indexed benefits, pension increases of 6.8% in February and 3.3% for the insurance component in April, a 29,904-ruble average old-age pension, 20,227-ruble subsistence minimum and 28,935-ruble minimum wage. He describes over ten trillion for children, maternity capital, 1.6 trillion for family housing and child-dependent subsidized mortgage terms with a two-percent minimum rate. He details construction and renovation in education and healthcare, medicines and oncology equipment. He says defence resources will meet weapons, equipment, family-support and defence-industry needs. More than nineteen trillion is planned for national projects, including technological leadership, Industrial Development Fund recapitalization and ship leasing. He describes subsidies for 106 aircraft, roads, public transport, named regional projects, 140 billion for airports toward seventy-five facilities by 2030, urban improvements, utilities and unsafe-housing programmes, and attracting private investment with public funds. Regional measures include projected 24.7-trillion own revenues, development and equalization transfers, one hundred billion of separate support, individual development programmes, repayment deferrals, treasury loans and continued two-thirds write-offs, including wartime-family spending uses. He reports spending-efficiency reallocations above two trillion annually. Revenue measures include formalization, SPOT import receipts around thirty-four billion in three months, prevented cash-export attempts, further cash-register and information-sharing legislation, progressive taxation of passive income with stated exceptions and small-deposit protection, fifteen-percent mutual-fund passive-income tax with payout credits, and a twenty-to-thirty-percent levy on mining price gains above 2025. Results and forecasts remain his claims and proposed spending and taxes are not enacted. Unclear consolidated-budget share wording is not silently normalized.

Siluanov tells the hearing that 140 billion rubles is planned over three years for the core airport network, toward construction or reconstruction of at least seventy-five airfields by 2030. He names Yoshkar-Ola, Makhachkala, Krasnodar, Grozny, Yuzhno-Sakhalinsk and Balakovo and says previously discussed funding is included. This is a budget-funding statement, not completed modernization.