MOSCOW, November 26. /TASS/. The Federation Council Committee on the Budget and Financial Markets has supported and recommended that the upper chamber of the Russian parliament approve the law on federal budget for 2025 and the planning period of 2026-2027.

The Federation Council is expected to consider the document at a plenary session on November 27.

According to the document, federal budget revenues are forecast to be 40.296 trillion rubles ($404.8 bln) in 2025, 41.84 trillion rubles ($420.3 bln) in 2026, and 43.154 trillion rubles ($433.5 bln) in 2027.

Expenditures are expected at 41.469 trillion rubles ($416.6 bln) in 2025, 44.022 trillion rubles ($442.2 bln) in 2026, and 45.915 trillion rubles ($461.2 bln) 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%).

The ceiling of the state foreign debt will be $61.1 bln (55.5 bln euro) as of January 1, 2026, $59.2 bln (53.4 bln euro) as of January 1, 2027, and $56.5 bln (50.9 bln euro) as of January 1, 2028.

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