Projected Revenue of Up to 1.2 Billion Rubles for Russian Budget through Privatization in 2024
In 2025 and 2026, the Russian federal treasury is projected to receive additional funds through the process of privatization, according to TASS's latest report, which references the draft Russian Federation budget for 2024 and the planning period 2025-2026. Specifically, the government anticipates generating 1.2 billion rubles in 2025 and the same amount in 2026 from this source.
Furthermore, the utilization of state and municipal property will contribute significantly to the Russian government's overall income. Revenues from this source are estimated to amount to 1 trillion 365 billion 344.4 million rubles in the upcoming year. For 2025, anticipated revenue from the use of state property is set at 1 trillion 226 billion 867.8 million rubles, and for 2026, it is projected to be 1 trillion 254 billion 161.5 million rubles.
Last year's Russian federal budget may have reported a deficit of 3.01 trillion rubles, or 1.8% of GDP, it was previously announced. To mitigate the impact of external shocks, the budget policy for the following three years will following the "budget rules," as outlined in an explanatory note to the document.
Amidst a growing GDP nearing 2.2 trillion U.S. dollars in 2024, the Russian central bank has been taking measures to defend high interest rates and control inflation. Additionally, the Russian-Kyrgyz Development Fund reported a record profit in 2024, which increased its investment portfolio. These developments indicate ongoing fiscal and investment activities in the region.
Sources:1. Trading Economics - Russia GDP2. The Moscow Times - Bank of Russia3. TASS4. Russian-Kyrgyz Development Fund
The government's additional income from privatization in 2025 and 2026, combined with the revenue from state and municipal property, will undeniably fortify the Russian economy, as projected funds total 2.6 trillion rubles in 2025 and 2.5 trillion rubles in 2026. This substantial financial boost could potentially stimulate growth in the business sector and bolster the overall financial landscape.
