Oct 14, 2021
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Putin named three budget priorities

Russian President Vladimir Putin named three priority areas of the budget: social policy, economic development and healthcare. He stated this during a meeting with the deputies of the new convocation of the State Duma, RIA Novosti reports.

The President noted that social policy, as the largest budget item, implies support for families with children and representatives of the older generation. So, for the next three years, it is planned to allocate 41.5 trillion rubles for these areas, the head of state added. 15.1 trillion rubles will be allocated for the development of the economy and support of the regions, 10.9 trillion rubles for health care, he said.

Also, Vladimir Putin instructed the government of the Russian Federation to develop additional measures of social support for citizens in the context of increased inflation within a month. The head of state said that he would consider proposals on this issue with the deputies at his meeting.

In addition, the President of the Russian Federation stressed that the country’s budget has enough funds to implement social support measures.

Earlier, Vladimir Putin suggested starting next year to index mother capital by the value of actual inflation rather than predicted inflation.

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