Russian regions are cutting investment programs, spending on the construction of social facilities, and urban improvement due to budget deficits. According to sources for the Open Nizhny portal in regional authorities, when drafting budgets for 2027, this may affect 60–65 of the 89 constituent entities of the Russian Federation.

#budgetoftheRussianFederation #WarinUkraine #MinistryofFinanceoftheRussianFederation #Moscow #StPetersburg #finance #Economy

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In 2027, Russia’s federal budget spending on servicing public debt will rise to 4.6 trillion rubles, or 9.4% of all expenditures, according to materials for the budget draft reviewed by Reuters. That is 670 billion rubles more than allocated for the current year, and almost as much as is planned for the entire «national economy».

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Spending on the «national defense» item in the 2027 budget draft will rise to 17.1 trillion rubles, which is 32.2% higher than the current level. For 2028, 16.6 trillion rubles are allocated for this item versus 13 trillion.

#BudgetoftheRussianFederation #WarinUkraine #militaryindustrialcomplex #ArmedForcesoftheRussianFederation #MinistryofFinanceoftheRussianFederation #MinistryofEconomicDevelopmentoftheRussianFederation #finance #Economy

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The Russian Ministry of Finance has changed the terms of the «Family Mortgage» program: from October 1, the interest rate and maximum loan amount will depend on the number of children in the family and the region of residence.

#MinistryofFinanceoftheRussianFederation #Moscow #Russia #StPetersburg #Familymortgage

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The federal budget deficit for January–August 2026 amounted to 5.79 trillion rubles, the Finance Ministry said. This is 53% more than the amount planned for the year and corresponds to 2.5% of GDP.

#budget #MinistryofFinanceoftheRussianFederation #Russia #finance #Economy

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