Guess what, amigos? Russian President Vladimir Putin just gave the thumbs up to the federal budget for 2025-2027, and it's packed with some serious rubles!
According to a recent release on the legal-acts portal, Russia is projecting revenues of about 40.3 trillion rubles (~$378.5 billion) in 2025. But hold on, the expenditures are expected to be over 41 trillion rubles (~$390 billion), which means a tiny deficit of 0.5% of GDP. Not too shabby!
Russia's economy seems to be gearing up for growth , with GDP expected to hit 214.5 trillion rubles (~$2.02 trillion) in 2025, climbing to 248.3 trillion rubles (~$2.33 trillion) by 2027. And the best part? Inflation is predicted to stay chill at under 4.5% in 2025 and drop to 4% in the following years.
So, where's all that cash going? The budget highlights some key priorities:
- Social Obligations: 21 trillion rubles (~$197.3 billion) to take care of the people.
- National Security and Defense: 14 trillion rubles (~$131.5 billion) to keep things safe.
- Technological Sovereignty & Infrastructure: Another 14 trillion rubles (~$131.5 billion) to boost tech and infrastructure.
Looks like Russia is gearing up for some major developments over the next few years! Stay tuned to see how these plans unfold.
Reference(s):
cgtn.com