diff --git a/Lib/_pydecimal.py b/Lib/_pydecimal.py
index 46fa9ffcb1e056..781b38ec26ba33 100644
--- a/Lib/_pydecimal.py
+++ b/Lib/_pydecimal.py
@@ -6120,9 +6120,9 @@ def _convert_for_comparison(self, other, equality_op=False):
 (?P<no_neg_0>z)?
 (?P<alt>\#)?
 (?P<zeropad>0)?
-(?P<minimumwidth>(?!0)\d+)?
+(?P<minimumwidth>\d+)?
 (?P<thousands_sep>[,_])?
-(?:\.(?P<precision>0|(?!0)\d+))?
+(?:\.(?P<precision>\d+))?
 (?P<type>[eEfFgGn%])?
 \z
 """, re.VERBOSE|re.DOTALL)
diff --git a/Lib/test/test_decimal.py b/Lib/test/test_decimal.py
index c0a1e378583ba8..ef64b878805d77 100644
--- a/Lib/test/test_decimal.py
+++ b/Lib/test/test_decimal.py
@@ -981,6 +981,7 @@ def test_formatting(self):
             ('.0f', '0e-2', '0'),
             ('.0f', '3.14159265', '3'),
             ('.1f', '3.14159265', '3.1'),
+            ('.01f', '3.14159265', '3.1'), # leading zero in precision
             ('.4f', '3.14159265', '3.1416'),
             ('.6f', '3.14159265', '3.141593'),
             ('.7f', '3.14159265', '3.1415926'), # round-half-even!
@@ -1066,6 +1067,7 @@ def test_formatting(self):
             ('8,', '123456', ' 123,456'),
             ('08,', '123456', '0,123,456'), # special case: extra 0 needed
             ('+08,', '123456', '+123,456'), # but not if there's a sign
+            ('008,', '123456', '0,123,456'), # leading zero in width
             (' 08,', '123456', ' 123,456'),
             ('08,', '-123456', '-123,456'),
             ('+09,', '123456', '+0,123,456'),
diff --git a/Misc/NEWS.d/next/Library/2025-06-02-14-36-28.gh-issue-130662.Gpr2GB.rst b/Misc/NEWS.d/next/Library/2025-06-02-14-36-28.gh-issue-130662.Gpr2GB.rst
new file mode 100644
index 00000000000000..d97d937376a9d0
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2025-06-02-14-36-28.gh-issue-130662.Gpr2GB.rst
@@ -0,0 +1,3 @@
++Accept leading zeros in precision and width fields for
++:class:`~decimal.Decimal` formatting, for example ``format(Decimal(1.25),
+'.016f')``.