Duma Budget Committee Clears 2026 Federal and Social Fund Budgets for Second Reading

Overview

• Lawmakers set the second reading for November 18 after reviewing 715 amendments and backed a phased cut to the VAT trigger for simplified-tax payers to 20 million rubles in 2026, 15 million in 2027, and 10 million in 2028.
• The federal plan outlines revenues of 40.283 trillion rubles and spending of 44.069 trillion in 2026, with the deficit projected at 1.6% of GDP, easing to 1.2% in 2027.
• Reallocations totaling over 7 trillion rubles prioritize defense and SVO support, add more than 170 billion for regional and local roads, provide 32 billion for public transport, and exceed 200 billion for rural development.
• The Social and Pension Insurance Fund budget sets 2026 revenues at 19.086 trillion rubles and outlays at 18.748 trillion, indexes insurance pensions by 7.6% from January and social pensions by 6.8% from April, and pegs 2026 maternity capital at 737,205 rubles for eligible families.
• The FOMS plan puts 2026 revenues at 4.712 trillion rubles and expenditures at 4.794 trillion, distributes 3.992 trillion in subventions to regional funds, and from 2026 factors DPR, LPR, Zaporizhzhia and Kherson into compulsory insurance financing.