Yakutia passes 2027–2029 budget in first reading

The State Assembly of Yakutia (Il Tumen) of the Sakha Republic, Russia, approved in first reading a draft law on the republic's state budget for 2027 and the 2028 and 2029 planning period at its 20th plenary session on 21 October. According to the Assembly's press service, revenue for next year is planned at 337.6 billion rubles, expenditure at 340.3 billion rubles, and the deficit at 2.7 billion rubles.

Assembly Chairman Alexei Yeremeev said the first-reading parameters on both revenue and spending were better than last year. He said that for the first time in several years the utilities sector had been fully funded at the required sum of 56 billion rubles.

Yeremeev said revenue from federal transfers, including grants, subventions, subsidies and other federal receipts, is to be increased before the second reading. He added that conciliation commissions will be formed, as is traditional, with the republic's executive bodies.