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73 Russian Regions Boost Own Revenues Over Past Year - Finance Ministry Data
22:11; 19 March 2026 year
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Larisa Eroshkina, Director of the Department of Intergovernmental Relations at the Russian Ministry of Finance, announced positive dynamics in regional budgets for 2025. She made the statement during a discussion session at the St. Petersburg Tax Forum, which focused on finding new sources of revenue and reducing the shadow economy.
According to Eroshkina, the total revenue of regional budgets increased by 5% compared to 2024. The growth in tax and non-tax revenues was observed in 73 Russian regions, which, according to the Ministry of Finance, indicates a gradual strengthening of their financial stability.
She noted that the key source of revenue for regional budgets remains the personal income tax (PIT). While its share was 43% in 2024, it grew to 46% in 2025. The outpacing growth in PIT revenues, she said, allows regions to maintain budget balance.
Speaking about future tasks, the Ministry of Finance representative stressed the need to improve the efficiency of budget spending at the regional level. Many regions have already adopted financial recovery programs that include a more balanced debt policy, better budget planning, and focusing resources on priority areas.
Additionally, the Ministry of Finance, in cooperation with the Federal Tax Service, continues to monitor the implementation of regional budgets and provide additional financial support. In particular, a mechanism for writing off budgetary loans is in place, provided certain conditions are met. In 2025, Eroshkina said, approximately 227 billion rubles of regional debt to the federal budget was written off in this way.
She also mentioned the active use of short-term treasury loans, which help regions maintain liquidity during budget execution. Concluding her speech, the Ministry of Finance representative emphasized that, while federal support is essential, regions need to work more actively on expanding their own revenue base and improving spending efficiency.
