Overview

• Putin said he and Prime Minister Mikhail Mishustin spent about two hours reviewing priorities for the 2026 budget and the 2027–2028 planning period.
• The Kremlin meeting set funding aims covering social obligations, national projects and security as the draft moves through a whole‑of‑government process.
• Recent data showed GDP up 0.4% year over year in July and 1.1% for the first seven months, with consumer‑price growth easing from 8.8% in July to 8.1% in August.
• Putin urged tight coordination of fiscal and monetary actions to curb inflation without overcooling the economy, describing the task as walking a “sharp edge.”
• Authorities were told to step up action against the shadow economy and tax evasion to improve fairness for business and raise federal revenues; attendees included Finance Minister Anton Siluanov and Central Bank Governor Elvira Nabiullina.