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Oct 26, 2021
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Putin signed the law on the execution of the federal budget for 2020

Russian President Vladimir Putin signed the law on the execution of the federal budget for 2020. The document appeared on the official portal of legal information.

It is noted that federal budget revenues in 2020 amounted to about 18.719 trillion rubles, which turned out to be 9.1% lower than the forecast value. A 28% share was taken by oil and gas revenues – 5.235 trillion rubles. This indicator has decreased in comparison with 2019 by 11.3%. Non-oil and gas revenues amounted to 13.484 trillion rubles (72%).

Expenditures last year reached 22.822 trillion rubles and exceeded revenues by 4.1 trillion rubles.

Earlier it was reported that the State Duma Committee on Budget and Taxes supported the draft budget for 2022-2024. It will be submitted for consideration on October 28. It is planned that in 2022 and 2023 the budget will be executed with a surplus.

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