Following the meeting on Wednesday, the Russian government approved the draft federal budget for 2021 and for the planning period of 2022 and 2023. This was announced on Saturday, September 19, on the website of the Cabinet of Ministers.
“Mainly to approve the draft federal law“ On the federal budget for 2021 and for the planning period of 2022 and 2023, ”the government’s press service writes.
The forecast of socio-economic development for the same period prepared by the Ministry of Economic Development of Russia in conjunction with interested federal executive authorities was also approved.
In addition, the Cabinet of Ministers approved the draft of the main directions of customs and tariff regulation and the unified state monetary policy for the indicated periods of time.
According to Finance Minister Anton Siluanov, the draft budget provides for the optimization of “unprotected” items of expenditure by 10% and a reduction in the state armaments program by 5%.
The authorities plan to save about 927 billion rubles in 2021, and 970 billion in 2022. Thus, by 2023, the budget deficit will decrease to 1.1%.