Russia's draft budget Duma review and tax plans

Sep 30

Pavel Pchyolkin reports that the government submitted the 2027–2029 federal budget draft the previous evening and that a Duma committee worked through the night and began discussion in the morning. Andrey Makarov describes social obligations, defence, support for service members' families and technological sovereignty as priorities. The package discusses projected health, family, school and pension allocations, including an average old-age pension of 29,904 roubles at the end of 2027. It gives proposed revenue of 43.3 trillion roubles, spending of 48.8 trillion and a 5.5-trillion deficit, or 2.2% of GDP, declining to 1.99% by 2029. An expert describes higher taxation of passive income, a one-million-rouble deposit exemption and an exemption for military-operation participants, saying no more than 6% would be affected. The report contrasts a conservative $50 Urals assumption with its claimed current $106 price and links uncertainty to the Strait of Hormuz. Experts and Maxim Oreshkin discuss financing and technological investment. October 29 is a planned first reading; the budget and accompanying tax changes are proposals, not enacted measures.

Vremya's closing announcement says the government has submitted the coming year's budget and next two years' plan to the Duma. The anchor describes balance and priorities for social programmes, development, technology, defence and security. Submission is a new procedural step, distinct from September 24 Cabinet approval and future parliamentary passage. Vremya's October 1 detailed report places filing on the previous evening and adds the submitted draft's proposed 43.3-trillion-rouble revenue, 48.8-trillion spending and 5.5-trillion deficit for 2027, alongside social, defence and technological priorities. The report discusses proposed health, family, school and pension spending and passive-income-tax changes with attributed exemptions and reach. These remain draft measures. The separately identified October 1 morning committee review and planned October 29 first reading are later parliamentary steps, not a redating of submission or enacted legislation.