Revenues in the state treasury Russia's revenue from oil and gas sales is expected to decline in the period 2025-27 due to lower prices and tax changes, according to the country's draft budget presented today, Reuters reported, quoted by BTA.
According to the draft document, revenues from gas and oil sales in 2025 will decline to 10.9 trillion rubles ($117.3 billion), or 5.1 percent of GDP, from 11.3 trillion rubles this year.
Revenues are expected to continue to decline in 2026 and 2027 to 10.56 and 9.77 trillion rubles, respectively.
At the same time, government spending on armaments and defense in 2025 will increase by 23 percent to 13.5 trillion rubles ($145.32 billion) from 10.8 trillion rubles this year.
Defense expenditures will reach 32 percent of all budget expenditures, which will amount to 41.5 trillion rubles.
According to Russian Finance Minister Anton Siluanov, meeting the needs of the "special military operation" in Ukraine remains the main budget priority.
However, defense spending in 2026 is expected to fall to 12.8 trillion rubles.
About 10 percent of all military spending goes to military salaries, according to Reuters.