MOSCOW, Dec 1 (Bernama-Xinhua) -- Russian President Vladimir Putin approved the federal budget for 2025 and the planned period of 2026-2027, reported Xinhua quoting a document released on the legal-acts portal on Sunday.
Russia's revenues in 2025 are projected to reach about 40.3 trillion rubles (US$378.5 billion), while expenditures are expected to amount to over 41 trillion rubles (US$390 billion), resulting in a deficit of 0.5 per cent of GDP, according to the budget.
Russia's GDP is projected to reach 214.5 trillion rubles (US$2.02 trillion) in 2025, rising to 230.5 trillion rubles (US$2.17 trillion) in 2026 and 248.3 trillion rubles (US$2.33 trillion) in 2027. Inflation is forecasted to remain below 4.5 per cent in 2025 and 4 percent in the following years.
Key priorities outlined in the budget include fulfilling social obligations, ensuring national security and defence, advancing technological sovereignty, and developing infrastructure, with a total of 21 trillion rubles (US$197.3 billion) allocated for social policies, 14 trillion rubles (US$131.5 billion) for defence and law enforcement, and 14 trillion rubles (US$131.5 billion) for national economic development over the next three years.
--BERNAMA-XINHUA
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