MOSCOW, November 12. /TASS/. The Russian State Duma’s budget and taxes committee has recommended that the lower house of the parliament pass in the second reading the draft federal budget for 2025 and the planning period of 2026-2027. It is planned that the State Duma will consider the document at a meeting on November 14.

Russian Finance Minister Anton Siluanov said earlier that amendments to the second reading suggest redistribution of around 7 trillion rubles ($71.4 bln).

According to the document passed in the first reading, federal budget revenues are projected at 40.29 trillion rubles ($411 bln) in 2025, at 41 trillion rubles in 2026, and at 43 trillion rubles in 2027. Federal budget expenditures are expected at 41.46 trillion rubles ($422 bln) in 2025, at 44 trillion rubles in 2026, and at 45 trillion rubles in 2027.

Deficit of federal budget is going to total 1.173 trillion rubles ($12 bln) in 2025, 2.181 trillion rubles in 2026, and 2.761 trillion rubles in 2027.

Russia’s GDP is projected at 214 trillion rubles in 2025 (up by 2.5%), 230 trillion rubles in 2026 (up by 2.6%), and at 248 trillion rubles in 2027 (up by 2.8%).

Inflation is expected at 4.5% in 2025, and at 4% in 2026 and 2027.