Russia's combined regional budget deficit is projected to rise 27% to 1.9 trillion roubles ($25.4 billion) in 2026, driven by lower corporate profit tax revenues and higher social spending. Finance Minister Anton Siluanov also warned that regional debt is increasing, highlighting mounting fiscal pressure at the subnational level. The report points to weaker budget balances and potentially tighter credit conditions for regional issuers.
Russia's combined regional budget deficit is projected to rise 27% to 1.9 trillion roubles ($25.4 billion) in 2026, driven by lower corporate profit tax revenues and higher social spending. Finance Minister Anton Siluanov also warned that regional debt is increasing, highlighting mounting fiscal pressure at the subnational level. The report points to weaker budget balances and potentially tighter credit conditions for regional issuers.
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