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Russia's federal budget oil and gas revenues seen at $83.7 bln in 2027

Oil and gas revenues for the federal budget in 2027 are projected at 2.8% of GDP

MOSCOW, October 1. /TASS/. Russia’s federal budget oil and gas revenues are projected at 7 trillion rubles ($83.7 bln) in 2027, 7.6 trillion rubles ($90.9) in 2028, and 7.7 trillion rubles ($92.1 bln) in 2029, according to the explanatory note to the draft federal budget for 2027-2029. The document has been submitted to the State Duma's electronic database.

"Oil and gas revenues for the federal budget in 2027 are projected at 7,003.5 billion rubles (2.8% of GDP). In 2028 and 2029, oil and gas revenues will amount to 7,633.6 billion rubles (2.9% of GDP) and 7,726.1 billion rubles (2.7% of GDP), respectively," the document reads.

Baseline oil and gas revenues for 2027-2029 are projected at 6.66 trillion ($79.7 bln), 7.25 trillion ($86.7 bln), and 7.57 trillion rubles ($90.5 bln), respectively. Additional oil and gas revenues could reach 345.7 billion rubles ($4.1 bln) in 2027, 379.9 billion rubles ($4.5 bln) in 2028, and 158.4 billion rubles ($1.8 bln) in 2029.

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