How the government is going to dramatically increase the parameters of the federal budget

Next year, the government expects a sharp increase in treasury revenues and expenses, as well as a reduction in the deficit, according to materials for the draft budget (available from Vedomosti). Revenues will increase by 34% – from 26.1 trillion rubles. (17.4% of GDP), which are planned in 2023, up to 35 trillion rubles. (19.4% of GDP) in 2024. Spending will increase by 26% – from 29 trillion rubles. (19.4% of GDP) in 2023 to 36.6 trillion rubles. (20.4% of GDP) in 2024

The federal budget is drawn up with a deficit for all three years: it will amount to 1.6 trillion rubles. next year, 0.9 trillion rubles. in 2025 and 1.5 trillion in 2026. The government has planned to reduce the deficit compared to the current three-year budget (assumes 2.2 trillion rubles in 2024 and 1.3 trillion rubles in 2025).