Russia assesses unreasonable spending and receives more money from state-owned companies
Russian Prime Minister Mikhail Mishustin instructed fertilizer and coal producers to make a “one-time payment” to the treasury and increase dividends for state-owned companies. Also, the Russian position may lead to unreasonable expenses, writes bloomberg with reference to the instruction of the head of the Cabinet of Ministers from suspicion of exemption from production.
Russia intends to receive more funds from some producers of raw materials, including coal and fertilizers, and state-owned companies due to increased spending on special operations. Judgments in such cases deal with allegations of “revenue mobilization”.
The document also provides for additional expenses in the amount of 175 billion rubles. for the resettlement of 100,000 people from Kherson to other regions of Russia. According to bloombergthis suggests that Russia has no intention of regaining control of the region.
The publication reported on the reduction of the state budget in the context of large-scale Western elections. bloomberg the assumption that at the end of 2022 PJSC Gazprom increased its budget surplus due to dividents and paid income tax, in the December budget of Russia went into negative territory.
Additional funds to be obtained from the new measures should be closed to the costs of the special operation. However, so far, according to the source bloombergfamiliar with certain, the amount of payments, as well as dividends, is not yet known. However, the publication suggested that the government consumes to set the size of dividends at more than 50% of the profits of state-owned companies. According to bloombergin Mishustin’s order on expenses for expenses outside the safety and security limits for at least 150 billion rubles.
In 2022, the Ministry of Finance of Russia predicted budget deficit of 0.9% of GDP, new forecasts already speak of 2% in 2022-2023. Expenses for 2022, according to Finance Minister Anton Siluanov, amounted to about 30 trillion rubles. – almost 27% more than it contains.
Siluanov confirmed that the draft does not provide for tax rates. At the end of 2021, the Ministry of Finance has already established a taxation scheme for mining companies. The authorities did not abandon the project, despite the decisions made.