Russian President Vladimir Putin has officially approved the federal budget for the years 2025 through 2027, as detailed in a document released on the legal-acts portal this Sunday.
The budget outlines Russia's financial projections, with revenues expected to reach approximately 40.3 trillion rubles ($378.5 billion) in 2025. Expenditures are projected to surpass 41 trillion rubles ($390 billion), resulting in a modest deficit of 0.5% of GDP.
Economic growth is a focal point, with Russia's GDP anticipated to grow to 214.5 trillion rubles ($2.02 trillion) in 2025, increasing to 230.5 trillion rubles ($2.17 trillion) in 2026, and 248.3 trillion rubles ($2.33 trillion) by 2027. Inflation rates are forecasted to remain controlled, staying below 4.5% in 2025 and around 4% in the subsequent years.
The budget prioritizes several key areas: fulfilling social obligations, bolstering national security and defense, advancing technological sovereignty, and developing infrastructure. Allocations include 21 trillion rubles ($197.3 billion) dedicated to social policies, 14 trillion rubles ($131.5 billion) for defense and law enforcement, and another 14 trillion rubles ($131.5 billion) allocated towards national economic development over the next three years.
These strategic investments aim to strengthen Russia's economic foundation, enhance security measures, and promote technological advancements, ensuring sustained growth and stability in the coming years.
Reference(s):
cgtn.com
