Oct 30, 2021
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Putin said that the budget of Russia in 2021 will be in surplus

Russian President Vladimir Putin said that the Russian budget in 2021 will be in surplus, reports TASS.

The statement was made by the Russian president during his speech at the G20 summit via videoconference.

The head of state noted that against the background of large-scale measures to support the population, small and medium-sized businesses and the health care system, the budget deficit increased to 4% of GDP. According to the president, this helped to restore the labor market and normalize macroeconomic policy.

At the same time, Putin noted that the growth of budget deficits in the countries of the world carries risks of high global inflation. Because of this, according to the Russian president, not only is the danger of a decline in business activity increasing, but inequality is exacerbated.

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