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Sep 17, 2020
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The Ministry of Finance announced a reduction in the cost of salaries to officials and weapons

The Russian government intends to balance the state budget, abandoning the indexation of salaries to officials next year and reducing arms programs by 5%. The head of the Ministry of Finance Anton Siluanov told about it.

- Without optimization and cutbacks, we would not have reached general balanced principles of budgetary policy in 2022. As they say, they collected a thread from all measures to balance the budget, - quotes his words to RBC.

The government approved the draft three-year budget

It is expected that its deficit will amount to 2.4% of GDP in 2021 and about 1% of GDP from 2022, and the volume of borrowings will be increased by 875 billion rubles compared to previous plans.

It is planned to optimize by 10% "unprotected" items of expenditure in the budget and reduce appropriations by 927 billion rubles in 2021, by 970 billion in 2022 and about 900 billion in 2023.

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Yet

Earlier, the Ministry of Finance explained how much cigarettes will rise in price due to the increase in excise tax.

Khomyakova Daria
Khomyakova Daria

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