Russian government submits 2027-2029 draft budget to State Duma

The Russian government has presented its draft budget for the 2027-2029 period to the State Duma, the lower house of parliament, according to TASS.

The resolution authorising the budget's submission to lawmakers was signed by Prime Minister Mikhail Mishustin.

Next steps in parliament

The draft budget now moves into the legislative process, where State Duma deputies will review, debate and vote on its provisions across multiple readings, as is standard practice for Russia's federal budget planning.

A three-year budget framework is intended to give the government and markets visibility into planned spending, revenue projections and fiscal policy over the medium term, rather than covering a single year alone.

Specific figures on projected revenue, spending or the overall balance for the 2027-2029 period were not detailed in the available reporting.

The submission follows the usual annual cycle in which the cabinet finalises its budget proposal before sending it to parliament for consideration ahead of the new fiscal period.