The Federation Council is preparing to review the draft federal budget for 2024 through 2026 at its scheduled meeting on November 22. This plan was confirmed by Senator Anatoly Artamonov, who chairs the Budget Committee of the Federation Council, during an interview with RIA News. The council seeks to thoroughly examine the bill that outlines the nation’s financial framework for the upcoming years, aiming to align spending priorities with macroeconomic conditions and strategic national goals.
Artamonov noted that the federal budget law will be on the agenda for the November 22 session. He explained that the document will also enter a preliminary discussion phase starting November 20, allowing senators time to review the proposals in detail before formal deliberations. The discussion is expected to involve close coordination with the Russian Finance Minister, Anton Siluanov, reflecting the central role of fiscal policy in shaping public investment and social programs.
Meanwhile President Vladimir Putin recently commented on the state of the national budget during a question-and-answer session with a young scientist at Korolyov. He described the Russian budget as balanced and reliable, emphasizing that stability depends on the successful alignment of government spending with the evolving needs of the economy. The president also acknowledged a modest reduction in several items within the federal space program, suggesting that the pace and scope of some projects will be influenced by how quickly different sectors of the economy can adopt new technologies and processes. This remark underscores the broader context in which space and other strategic programs operate within the national budget framework.
Earlier discussions highlighted a notable decrease in certain social and economic expenditures within the draft budget. The government has indicated that some reductions are intended to create room for priority initiatives, improve long-term fiscal sustainability, and ensure that essential services remain funded. Observers expect that lawmakers will scrutinize these adjustments carefully, weighing immediate social needs against longer-term investment goals and the anticipated impact on economic growth and regional development. The upcoming budget review will likely address how federal allocations are distributed across key sectors, including science, education, healthcare, infrastructure, and defense, with the aim of maintaining financial discipline while supporting ambitious national programs.