Federal Treasury
Background
The Federal Treasury is a federal executive body of the Russian Federation that carries out enforcement functions related to the execution of the federal budget. Its responsibilities include cash servicing for the budgets of the Russian budget system, as well as preliminary and current control over operations with federal budget funds carried out by chief administrators, managers, and recipients of those funds. By handling budget execution and treasury control, it plays a central role in the day-to-day functioning of public finance administration in Russia.
The organization operates as a federal service subordinate to the Ministry of Finance of the Russian Federation. In the state apparatus, it functions as an instrument for implementing budget policy and overseeing the movement of federal funds across the budget system. Its headquarters are located in central Moscow, in the Apartment building of Joseph Volokolamski Compound. The treasury’s position within the financial administration of the state makes it closely connected to budget execution, intergovernmental fiscal transfers, and the management of public expenditures.
The Federal Treasury was created by presidential decree on December 8, 1992, and by a government resolution of August 27, 1993. Its Regulation was later approved by a government decree on December 1, 2004, and from January 1, 2005 it was separated from the Ministry of Finance and converted into a federal service subordinate to that ministry. In recent reporting, the treasury has been associated with the administration of federal budget execution and with treasury-based financing mechanisms, including low-cost federal treasury infrastructure loans for regional investment. These functions reflect its continuing role in coordinating federal budget operations and supporting the implementation of fiscal policy across Russia.
Timeline
The Federal Treasury reported that the federal budget deficit for January–February 2026 reached 3.449 trillion rubles.
Preliminary Assessment of Federal Budget Execution for January–February 2026The Federal Treasury reported that federal budget revenues in January–February 2026 fell 10.8% year on year to 4.767 trillion rubles.
Preliminary Assessment of Federal Budget Execution for January–February 2026The Federal Treasury reported that federal budget spending in January–February 2026 rose 5.8% year on year to 8.216 trillion rubles.
Preliminary Assessment of Federal Budget Execution for January–February 2026
Documents
Preliminary Assessment of Federal Budget Execution for January–February 2026
Russia's federal budget ran a 3.449 trillion ruble deficit in January–February 2026, as revenues fell 10.8% year-on-year to 4.767 trillion rubles due to a 47% drop in oil and gas revenues, while spending rose 5.8% to 8.216 trillion rubles.
Anton Siluanov Holds Working Meeting with the Head of the Republic of North Ossetia–Alania
Finance Minister Siluanov met with North Ossetia-Alania's governor to discuss the region's budget, noting 15% revenue growth to 33.1 billion rubles in 2025 and 27.8 billion rubles in federal support and transfers.