Nabiullina positively assessed the draft budget and the proposal to change VAT to 22%

The increase in the standard rate of value added tax (VAT) from 20% to 22% included in the draft budget of 2026 is a very positive factor and brings certainty to budget policy. This assessment was made on September 25 by the head of the Bank of Russia, Elvira Nabiullina, during the International Banking Forum in Sochi.

"The predictability of fiscal policy is the most important factor in making decisions on the key interest rate. And the fact that there is certainty is a very positive factor," RBC quoted her as saying.

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