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The draft national budget for 2027, published on the National Legal Internet Portal, envisages more modest growth in expenditure than in previous years. As a result, the budget deficit will be almost halved, although the Ministry of Finance had previously planned to prepare a balanced budget. Security agencies will once again receive additional funding, with spending on national defence, the judiciary and law enforcement set to increase.
Under the draft, national budget revenues in 2027 are projected at 58.9 billion roubles, while expenditure is expected to reach 60.834 billion roubles. The deficit is forecast at 1.93 billion roubles. Compared with the 2026 budget law, expenditure will increase by 2.8%, or 2.1 billion roubles, while revenues will rise by 8.3%, or 4.52 billion roubles. The deficit next year is expected to be 52.3%, or 2.42 billion roubles, lower than projected in the 2026 budget law.
By comparison, the 2026 budget envisaged a 16.7% increase in expenditure compared with 2025 and an 18.6% increase in revenues.
In April this year, the government approved a medium-term financial programme through 2028. It envisaged a balanced national budget in 2027, with revenues and expenditure both set at 60.07 billion roubles. However, the draft budget ultimately showed a deficit.
The proposed limit on domestic public debt for next year is 30.5 billion roubles, including 8 billion roubles in guaranteed debt. The external public debt ceiling set out in the draft is $15 billion, including $1.8 billion guaranteed by the state. The domestic debt ceiling has been raised by 4 billion roubles, while the external debt ceiling has been reduced by $3 billion. The limits on guaranteed debt remain unchanged.
The President’s reserve fund will amount to 513 million roubles, 242.65 million roubles less than in 2026.
The National Development Fund will total nearly 798.4 million roubles, but planned withdrawals from it will amount to 1.19 billion roubles.
Tax revenues in the national budget are projected at 43.5 billion roubles, an increase of 5.2 billion roubles compared with the 2026 national budget. This includes 3.65 billion roubles in taxes on income and profits, up by 700 million roubles, and 30.65 billion roubles in taxes on goods, works and services, up by 4.09 billion roubles. Within taxes on goods and services, VAT is expected to generate 25.62 billion roubles, an increase of 4.12 billion roubles, while excise duties are projected at 3.7 billion roubles, down by 36 million roubles.
Tax revenues from foreign economic activity are projected at 8.27 billion roubles, up by 320 million roubles. This includes 2.1 billion roubles in duties collected from Eurasian Economic Union member states.
Other taxes, fees and revenues are projected at 936.6 million roubles, an increase of 101.6 million roubles.
Non-tax revenues of the national budget are expected to reach 7.33 billion roubles, up by 1.17 billion roubles. This includes 3.67 billion roubles in property-related income, an increase of 270 million roubles, including 3 billion roubles in dividends and a share of enterprise profits, up by 550 million roubles. Revenue from income-generating activities is projected at nearly 1.32 billion roubles, an increase of 366 million roubles.
The government plans to collect 324.43 million roubles in fines and deductions, 10.9 million roubles more than projected for this year.
Grants and other non-repayable transfers from foreign states are expected to total 5.28 billion roubles, a decrease of 1.39 billion roubles compared with the 2026 budget.
Under the expenditure breakdown, 25.68 billion roubles will be allocated to general government operations next year, down by 1.5 billion roubles. This includes 1.72 billion roubles for general-purpose government bodies, up by 160 million roubles; 503.6 million roubles for international activities, up by 19.1 million roubles; and just 1.8 million roubles for elections and referendums.
Debt servicing is projected at 3.81 billion roubles, down by 2.11 billion roubles. This includes 1.26 billion roubles for domestic debt servicing, a decrease of 10 million roubles, and 2.55 billion roubles for external debt servicing, down by 2.2 billion roubles.
Expenditure on other general government operations will total 3.27 billion roubles, including 1.72 billion roubles for the State Investment Programme, down by 250 million roubles.
Spending on national defence is projected at 5.19 billion roubles, of which 4.91 billion roubles will go to defence and the Armed Forces, while 192.4 million roubles will be allocated to mobilisation preparedness and mobilisation. National defence spending will increase by 670 million roubles compared with 2026. Expenditure on defence and the Armed Forces will rise by 660 million roubles, while funding for mobilisation preparedness and mobilisation will increase by 23.3 million roubles. It should be noted that the report on the execution of the 2025 national budget showed that the funds allocated for defence had not been fully spent.
A total of 7.47 billion roubles will be allocated to the judiciary, law enforcement and security, an increase of 770 million roubles. The breakdown is as follows:
Next year, 10.25 billion roubles is earmarked for the national economy, an increase of 700 million roubles. This includes:
The draft stipulates that the national budget will finance the purchase of electric vehicles for public transport worth 56.6 million roubles, school buses worth 29.7 million roubles, ambulances and mobile medical units worth 45.6 million roubles, and vehicles for state social care institutions worth 5.9 million roubles.
The budget also provides for 273.83 million roubles in environmental protection spending, up by 60 million roubles; 18.17 million roubles for housing and utilities and housing construction, an increase of 8.3 million roubles; and 3.89 billion roubles for healthcare, up by 590 million roubles.
Spending on physical education, sport, culture and the media will total 1.1 billion roubles. The media will receive 221.68 million roubles, up by 23.6 million roubles. Of this amount, 177.7 million roubles, up by 13.7 million roubles, will go to radio and television; 7.75 million roubles, up by 350,000 roubles, to print media and publishing; and 36.3 million roubles, up by 9.6 million roubles, to other media-related activities.
Spending on culture will amount to just under 327 million roubles, an increase of 21.5 million roubles, while physical education and sport will receive 548 million roubles, up by 56 million roubles.
National budget expenditure on education will total 2.97 billion roubles, an increase of 440 million roubles. Of this, 2.28 billion roubles, up by 390 million roubles, will be allocated to higher education and research-oriented education. It should be noted that local budgets bear most of the costs of education and healthcare in Belarus.
Social policy spending will amount to 3.99 billion roubles, up by 320 million roubles, including 2.85 billion roubles for pensions, an increase of 250 million roubles.
The Social Protection Fund budget is expected to be approved for next year with expenditure of 42.3 billion roubles and revenues of 42.8 billion roubles.