Russia submits 2027-2029 federal budget draft to State Duma

The Russian government has formally submitted its federal budget bill for 2027 and the 2028-2029 planning period to the State Duma. The draft's key parameters—revenue, expenditure, deficit, and defense allocations—are not yet public, leaving fiscal trajectory and spending priorities uncertain. This initiates the standard legislative review process, with implications for Russia's fiscal policy and resource allocation amid ongoing geopolitical tensions.