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Russian State Duma passes draft federal budget for 2024-2026 in first reading

The federal budget deficit will total 17 bln in 2024

MOSCOW, October 26. /TASS/. The State Duma, the lower house of the Russian legislative assembly, has passed in the first reading the draft federal budget for 2024 and the planned period of 2025-2026.

According to the document, federal budget revenues are forecast in the amount of 35.065 trillion rubles ($373.73 bln in 2024, 33.552 trillion rubles ($357.7 bln) in 2025, and 34.051 trillion rubles ($363 bln) in 2026.

Expenditures are expected to amount to 36.66 trillion rubles ($390.9 bln), 34.382 trillion rubles ($366.5 bln), and 35.587 trillion rubles ($379.3 bln) respectively.

The federal budget deficit will total 1.595 trillion rubles ($17 bln) in 2024, 0.83 trillion rubles ($8.9 bln) in 2025, and 1.536 trillion rubles ($16.4 bln) in 2026.

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