MILES AXLE Translation. Region: Russian Federation –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
The draft law on the federal budget for 2025 and for the planning period of 2026 and 2027 has been submitted to the State Duma for consideration. The order to submit it was signed by Prime Minister Mikhail Mishustin.
Document
Order dated September 28, 2024 No. 2693-r
When drafting the new three-year budget, the Government proceeded from the need to fulfill social obligations to citizens and solve priority tasks outlined by the President.
Thus, one of the main priorities is targeted support for pregnant women and families with children.
Submission to the State Duma of the draft federal law developed by the Ministry of Finance “On the federal budget for 2025 and for the planning period of 2026 and 2027”
In particular, over 4 trillion rubles have been allocated for monthly benefits in connection with the birth and upbringing of a child for 2025–2027. Over 1.7 trillion rubles have been planned for the provision of maternity capital, and over 12 billion rubles over three years for subsidies for housing for young families.
Dmitry Grigorenko on the introduction to the State Duma of the draft federal law developed by the Ministry of Finance “On the federal budget for 2025 and for the planning period of 2026 and 2027”
It is proposed to allocate approximately 37.5 billion rubles to support regional demographic programs aimed at increasing the birth rate.
The necessary funds have also been allocated for such important areas as hot meals for schoolchildren, payments to class teachers, major repairs and construction of new educational institutions, provision of medicines for beneficiaries, increasing the level of pension provision and resuming indexation of pensions for working pensioners.
The draft budget allocates over 130 billion rubles to help citizens who find themselves in difficult life situations under the social contract program.
More than 80 billion rubles are planned for the development of a long-term care system for the elderly and disabled who need such assistance.
The Government’s priority tasks include the implementation of national projects. A total of more than 18 trillion rubles have been allocated for their financing (19 projects) over three years. Over 40 trillion rubles have been allocated from the federal budget over six years. Compared to the national projects in effect in 2019–2024, funding from the federal budget has been almost doubled.
An equally important area is financial support for the regions. It is planned to allocate 3.3 trillion rubles annually for these purposes.
The draft of the new three-year federal budget is based on the basic version of the socio-economic development forecast. It implies that in 2025–2027, economic dynamics will be on a moderate trajectory of 2.5–2.8% of GDP.
Budget revenues in 2025 will amount to 40.3 trillion rubles, in 2026 – 41.8 trillion rubles, in 2027 – 43.2 trillion rubles.
Expenditures in 2025 are planned at 41.5 trillion rubles, 44 trillion rubles in 2026, and 45.9 trillion rubles in 2027.
The execution of the new three-year federal budget is expected with a deficit of 0.5% of GDP in 2025, 0.9% of GDP in 2026 and 1.1% in 2027. During this period, the non-oil and gas deficit will be reduced to 5% of GDP in 2027 (by 2.5 percentage points compared to 2024).
The main sources of deficit financing in 2025–2027 will be government borrowing. The volume of government debt will remain at a safe level.
Along with the draft of the new three-year budget, the Government also sent draft budgets of extra-budgetary funds and a number of other bills of decisive importance for public finances to the lower house of parliament.
This year, the budget package was submitted entirely via electronic communication channels for the first time. This was the result of systematic work to improve the interaction between the Government Office and the State Duma.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
http://government.ru/nevs/52839/
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.