St. Petersburg Budget: Personal Income Tax Rises, Profit Tax Falls

The total revenues of the St. Petersburg budget for 2025 amounted to 1.41 trillion rubles (approx. $15.8 billion at current rates), exceeding the plan by 0.3% and showing a 4.7% growth compared to 2024.

Almost 90% of receipts, or 1.247 trillion rubles (approx. $14.0 billion at current rates), were provided by tax deductions, which is 6.4% more than the previous year«s indicator.

The largest share — 44% or 600 billion rubles (approx. $6.7 billion at current rates) — was taken by personal income tax. Corporate profit tax, ranking second at 26.3%, decreased by 3.3%.

Head of the Finance Committee Svetlana Yenilina, speaking at a government meeting on January 29, explained: «In 2025, the Russian economy operated in a mode of managed cooling, which inevitably affected the revenues of regional budgets.» At the same time, the decline in St. Petersburg was less than the national average, where the decrease reached 8.6%.

Payments from former consolidated groups of taxpayers have been declining for the third year in a row. In 2025, they transferred 26 billion rubles (approx. $290 million at current rates) in profit tax, which is almost a third less than a year earlier.

Under the simplified taxation system, the growth rate of receipts slowed to 8%, which corresponds to the national trend. Svetlana Yenilina noted that receipts from self-employed individuals grew faster than their numbers, «indicating intensive formalization of this segment.»

Property taxes brought in 19.9 billion rubles (approx. $222 million at current rates), increasing by 7.3%.

Expenditures of the city budget in 2025 amounted to 1.475 trillion rubles (approx. $16.4 billion at current rates), which is 5.4% more than in 2024, with the plan fulfilled by 97.9%.

Main areas of funding:

• «Development of Education» — 22.8%,
• «Development of the Transport System» — 22.7%,
• «Development of Healthcare» — 16.4%,
• «Social Support for Citizens» — 12.7%.