Russia Approves Draft Federal Budget for 2026-2028

On Wednesday, the Russian government approved the draft federal budget for the years 2026-2028.

The proposed budget is set to be submitted to the State Duma, the lower house of parliament, by October 1, The Caspian Post reports, citing Russian media.

"The draft federal budget for 2026 and the planning period of 2027 and 2028 was approved at a government meeting," according to a statement released on the cabinet’s Telegram channel.

The draft federal budget is balanced and sustainable, the Russian Finance Ministry said earlier, adding that this is important for maintaining macroeconomic stability.