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Putin predicted a surplus budget for Russia in 2022

The budget of Russia in 2022 will be in surplus. This was announced on December 17 by Russian President Vladimir Putin during a speech at the congress of the Russian Union of Industrialists and Entrepreneurs (RSPP).

“In principle, we have a budget, thank God, next year will be in surplus,” he said.

According to the Russian leader, in this case, “the matter is not in the sources” of funding.

“Well, a surplus budget, we can direct additional resources to areas that we consider to be the most priority. You just need to work out the mechanisms (solving such issues. – Ed.) “, – he added.

Putin also pointed out that the country’s economy had already recovered from the consequences of the coronavirus pandemic in the middle of this year, this is a visible result of the entire business community. In addition, he noted that salaries in Russia are growing not only in nominal terms, but also in real terms.

On December 15, the head of state said that targeted support, assistance to families with children, job creation, and other measures are important to increase the incomes of Russian citizens. According to him, the fight against poverty is an absolute priority.

A day earlier it became known that the government of the Russian Federation, on the instructions of Prime Minister Mikhail Mishustin, allocated more than 12 billion rubles to increase the salaries of public sector employees. It is specified that more than 2.9 billion rubles from the allocated funds will be used to increase the salaries of employees of educational institutions, and over 5.2 billion rubles – to scientific ones. At the same time, more than 2.6 billion rubles will be received by medical institutions and over 1.3 billion rubles – by cultural institutions.

On December 7, Putin signed the law on the budget for 2022 and for the planning period 2023-2024. The budget was formed on the basis of the forecast of the Ministry of Economic Development for the growth of GDP of the Russian Federation in 2022 compared to the expected level of the current year by 3% – up to 133.328 trillion rubles, an increase in the total volume of investments by 5.9% – up to 24.407 trillion rubles, the inflation rate of 4% compared with an expected 5.8% in 2021.

The document also provides for the financing of targeted support for families with children. Thus, the law regulates an increase in the living wage and the minimum wage (minimum wage) from 2022 by 8.6%.

Source: IZ

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