Putin signs bill on Russia's federal budget for 2025-2027 into law

MOSCOW. Dec 2 (Interfax) - Russian President Vladimir Putin has signed a bill on the federal budget for 2025 and for the planned period of 2026 and 2027 into law, the official legal information website said.

The law projects revenues at 40.296 trillion rubles (18.8% of GDP) in 2025, 41.841 trillion rubles (18.1% of GDP) in 2026 and 43.154 trillion rubles (17.4% of GDP) in 2027.

The projected amount of oil and gas revenue will total 10.936 trillion rubles (5.1% of GDP) in 2025, 10.564 trillion rubles (4.6% of GDP) in 2026 and 9.766 trillion rubles (3.9% of GDP) in 2027, and non-oil and gas revenues are expected to reach 29.360 trillion rubles (13.7% of GDP) in 2025, 31.277 trillion rubles (13.6% of GDP) in 2026 and 33.388 trillion rubles (13.4% of GDP) in 2027.

The expenditures are planned at the level of 41.470 trillion rubles (19.3% of GDP) in 2025, 44.022 trillion rubles (19.1% of GDP) in 2026 and 45.916 trillion rubles (18.5% of GDP) in 2027.

The federal budget deficit is expected to amount to 1.173 trillion rubles in 2025, 2.181 trillion rubles in 2026 and 2.761 trillion rubles in 2027.

The budget projects GDP at 214.575 trillion rubles, up by 2.5% in 2025, 230.568 trillion rubles, up by 2.6% in 2026, and 248.313 trillion rubles in 2027, up 2.8%.

The state domestic debt is capped at 29.386 trillion rubles as of January 1, 2026, 34.046 trillion rubles as of January 1, 2027, and 39.004 trillion rubles on January 1, 2028.

The national foreign debt ceiling is $61.1 billion, or 55.5 billion euros, as of January 1, 2026, $59.2 billion, or 53.4 billion euros, as of January 1, 2027, and $56.5 billion, or 50.9 billion euros, as of January 1, 2028.

The inflation rate is forecast at 4.5% for 2025, and 4% for 2026 and 2027.

The National Wealth Fund is forecast at 11.055 trillion rubles, or 5.2% of GDP, in the beginning of 2025, 12.884 trillion rubles, or 5.6% of GDP in 2026 and 14.927 trillion rubles, or 6% of GDP, in 2027.