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Russia Submits 2026–2028 Budget Package Setting Pension Indexation, Minimum Wage and Social Benchmarks

The package moves to the Duma for review, with figures subject to revision through subsequent readings.

Overview

  • Insurance pensions are slated to rise 7.6% from January 1, 2026, setting the pension coefficient at 156.76 rubles and the fixed add‑on at 9,584.69 rubles, while social pensions increase 6.8% from April 1.
  • The government proposes a 2026 minimum wage of 27,093 rubles per month starting January 1.
  • Proposed 2026 subsistence minimums are 18,939 rubles per capita, 20,644 for working‑age adults, 16,288 for pensioners, and 18,371 for children.
  • The Social and Pension Fund budget for 2026 is set at 19.086 trillion rubles in revenue and 18.748 trillion in spending, with more than 18.7 trillion across government earmarked for support measures and pensions, including nearly 13 trillion for pension payments.
  • Salaries for selected federal public‑sector workers in health, social services, education, culture and science are planned to be indexed by 7.6% from January 1, and family measures include a 6.8% rise in maternity capital to 974,100 rubles for two children plus targeted tax relief.