The State Duma faction of the New People party has indicated it will back the draft federal budget for 2024–2026. This stance was shared by party leader Alexey Nechaev in a discussion with socialbites.ca. He noted that while MPs are not fully content with the social sector funding levels, they do not intend to block the budget process as a tactic of misdirection.
Nechaev explained that New People will support the draft at the initial reading. He acknowledged concerns about funding for education, healthcare, and SME support but stressed that these questions would be addressed through a constructive process. He emphasized that allocations intended for cancer control, palliative care, children’s leisure, the modernization of schools, and other critical areas must remain at their current levels and will be adjusted only through deliberate, working consultations. He added that everyone understands the country faces significant challenges, and it would be unreasonable to sabotage the budget adoption merely to dramatize issues. citation: TASS
On Thursday, October 26, the State Duma is set to discuss the draft federal budget for 2024–2026. Projected federal budget revenues are 35.065 trillion rubles for 2024, 33.552 trillion rubles for 2025, and 34.051 trillion rubles for 2026. Reports indicate that expenditures are planned at 36.660 trillion rubles for 2024, 34.382 trillion rubles for 2025, and 35.587 trillion rubles for 2026. citation: TASS
During the session, representatives from the United Russia and LDPR factions spoke in favor of adopting the budget. In contrast, both the Communist Party of the Russian Federation and Fair Russia – For Truth stated their opposition to the draft. citation: TASS
Current composition details show that United Russia holds 324 seats in the State Duma. The Communist Party ranks second with 57 MPs. The New People faction consists of 15 deputies. These numbers frame the political dynamics around the budget discussions and highlight the range of perspectives being brought to the table. citation: TASS
In addition to the formal budget debate, analysts note the ongoing tension between fiscal consolidation aims and social spending commitments. Observers expect further negotiations on program funding, including education curricula, healthcare delivery systems, and small and medium enterprise resilience programs. The overall tone suggests a willingness among several factions to pursue policy adjustments within the budget framework rather than resort to obstruction. citation: TASS
As the budget process moves forward, policymakers stress the importance of maintaining essential services and social guarantees while seeking sustainable growth paths. The debate is expected to focus not only on annual allocations but also on medium-term priorities such as modernization of public infrastructure, support for vulnerable populations, and the efficiency of public spending. The balance between immediate needs and long-term fiscal health will shape votes and plausible compromises in the coming days. citation: TASS