May 27, 2026
Finance Minister Anton Siluanov.
kremlin.ru
Russia’s Finance Ministry is reviewing this year’s budget and weighing spending cuts outside defense and social commitments as mounting fiscal pressures strain state finances, Finance Minister Anton Siluanov said, signaling the government may be forced into painful tradeoffs as economic growth slows and the budget deficit widens.
In an interview with the Kommersant business daily, Siluanov said officials were reassessing spending plans because of “changes in macroeconomic conditions,” while emphasizing that defense and social obligations remained untouchable priorities.
