The draft will be sent to parliament for consideration in the near future, Economic Development Minister Elvira Nabiullina told a news conference after a government session.
The new budget, adjusted in view of the credit crisis, will have a deficit of 7.4% of GDP.
According to the draft, revenue will be down 39% to 6.7 trillion rubles ($201 billion), while spending will rise 7% to 9.6 trillion rubles ($288 billion). The $87 billion deficit will be covered from the Reserve Fund and loans.
Nabiullina also said that capital outflow this year is expected at $80 billion, less than last year's figure.
Finance Minister Alexei Kudrin said last week that net capital outflow in 2009 would not exceed $100 billion, compared to the 2008 figure of $130 billion.
Nabiullina said a draft anti-crisis program will be submitted to the Russian government on April 10.
"The forecast has been approved, the program has been taken as a basis for further discussions, and we will have to submit it to the government on April 10," she said.