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| Economy |
| The government has submitted a draft budget for 2024–2026 to the State Duma |
| 2023-09-30 |
| Direct Translation via Google Translate. Edited. [Regnum] The Russian government submitted to the State Duma a draft federal budget for 2024–2026, its main priorities being social support for the most vulnerable categories of citizens, strengthening the country's defense capability and integration of new regions, the government press service reported on September 29. “The bill on the federal budget for 2024 and for the planning period of 2025 and 2026 has been sent to the State Duma for consideration. The order to introduce it was signed by Prime Minister Mikhail Mishustin,” the press service said in a statement. The budget is compiled on the basis of a basic forecast of the socio-economic development of Russia, which assumes annual growth of the Russian economy of over 2% and is reduced to a deficit of 0.9 to 1.6 trillion rubles per year. Budget revenues in 2024 should amount to 35 trillion rubles, in 2025 - 33.5 trillion rubles, in 2026 - 34.1 trillion rubles. Expenditures, according to the draft budget, will reach 36.6 trillion rubles in 2024, 34.4 trillion rubles in 2025, and 35.6 trillion rubles in 2026. Compared to the three-year budget 2023-25, both revenues and expenditures for 2024-25 have been revised upward. When determining budget priorities, the government proceeded from the need to fulfill social obligations, as well as solve the tasks set by the president, the press service noted. Based on this, the main priorities of the new budget were social support for the most vulnerable categories of citizens, strengthening Russia’s defense capability, integration of regions that returned to the country in 2022, technological development of Russia and expansion of the country’s infrastructure. As Regnum reported earlier, on September 28, Russian Prime Minister Mikhail Mishustin said that the restoration of economic activity in the country is proceeding at a faster pace than previously predicted. At the end of the year, the growth of gross domestic product may exceed 2.5%, Mishustin noted. Press Secretary of the Russian President Dmitry Peskov, commenting on earlier reports about an increase in federal budget spending on defense from 3.9% in 2023 to 6% in 2024, said that such an increase is necessary, since Russia lives in a state of hybrid war unleashed against her by the West. |
| Posted by:badanov |