Deputies Adopt 2027 Budget Bill in First Reading

Reform.news Editorial Team · 30 October 2026, 11:50

https://reform.news/en/deputies-adopt-2027-budget-bill-in-first-reading/

The House of Representatives today considered a package of budget bills. In the first reading, it adopted the draft law “On the Republican Budget for 2027”. The bill was presented by Finance Minister Uladzislau Tatarynovich.

Republican budget revenues for 2027 are projected at 58.9 billion rubles, an increase of 3.5% compared with the estimated revenue for this year. Expenditures are projected at 60.84 billion rubles, up 1.7% from the estimated execution of the 2026 budget.

The republican budget deficit will amount to 1.93 billion rubles.

Budget expenditure growth is planned across almost all categories, although it is more modest than the increase planned for 2026.

The law on the 2027 budget of the Social Protection Fund was adopted in both readings in a single sitting.

The fund’s revenues are projected at 42.8 billion rubles, 7.5% more than its budget for this year. Subsidies from the republican budget will amount to 2.1 billion rubles. The Social Protection Fund’s expenditures next year will total 42.3 billion rubles, of which 34.05 billion rubles will go towards pensions. The average pension is projected to amount to 35.6% of the national average salary.

The House also adopted amendments to the Tax Code in the first reading today.