Putin announced a budget surplus
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Putin announced a budget surplus
Putin announced a surplus budget – RIA Novosti, 10/30/2021
Putin announced a budget surplus
Russia has normalized its economic policy, the country’s budget will be in surplus, Vladimir Putin said at the G20 summit. RIA Novosti, 30.10.2021
2021-10-30T14: 08
2021-10-30T14: 08
2021-10-30T15: 53
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MOSCOW, October 30 – RIA Novosti. Russia has normalized its economic policy. “This year we have normalized our macroeconomic policy so that the budget will be in surplus. We have not only achieved this, but also tightened monetary policy,” Putin added. In general, the situation in the G20 countries is somewhat different. According to the president, excessive stimulus has turned into instability, with the State Duma adopting in the first reading the draft federal budget for 2022 and for the planning period of 2023 and 2024 this week. In 2022, the surplus is estimated at 1.33 trillion rubles (one percent of GDP), in 2023 – at 0.3 trillion (0.2 percent of GDP). A deficit of 0.52 trillion rubles (0.3 percent of GDP) is expected in 2024.
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Putin announced a budget surplus
The President noted that in 2020, against the background of large-scale measures to support the population, small and medium-sized businesses, the health care system, the state budget grew to four percent. This allows, among other things, to achieve the recovery of the labor market.
“This year we have normalized our macroeconomic policy so that the budget will be in surplus. We not only achieved this, but also tightened monetary policy, ”Putin added.
He specified that the overall situation in the G20 countries is somewhat different.
“I would like to note that we all understand perfectly well that the entire world depends on the situation in this economy.”
According to the president, overstimulation has turned into general instability, rising prices for financial assets and goods in certain markets.
Earlier this week, the State Duma adopted in the first reading the draft federal budget for 2022 and for the planning period of 2023 and 2024. In 2022, the surplus is estimated at 1.33 trillion rubles (one percent of GDP), in 2023 – at 0.3 trillion (0.2 percent of GDP). A deficit of 0.52 trillion rubles (0.3 percent of GDP) is expected in 2024.
October 21, 08:38 PM
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