Sep 17, 2020
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Financing of a number of national projects will be reduced by almost 600 billion rubles

The Cabinet plans in the next two years to reduce the cost of implementing a number of national projects by almost 600 billion rubles, Izvestia writes.

This is evidenced by the data from the explanatory note to the draft budget for the next three years.

It is known that the most significant funding cuts await the national projects Demography (158 billion rubles will be removed from it), the Comprehensive Plan for the Modernization and Expansion of the Main Infrastructure (144 billion rubles) and Housing and Urban Environment (80 billion rubles).

Earlier, the head of the Ministry of Finance of the Russian Federation Anton Siluanov said that this initiative would free up funds, including for anti-crisis measures and the fight against the pandemic.

At the same time, Andrei Piskunov, managing director of the group of ratings of the NKR agency's authorities, noted that the reduction in spending on national projects in the next couple of years poses a lesser threat to their effectiveness as compared to the extension of their implementation terms.

The expert recalled that earlier the "deadline" for these projects was shifted to 2030.

Earlier, Anton Siluanov said that the government also plans to balance the state budget by cutting spending on weapons programs and officials' salaries.

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