Government submits revised draft 2022–2024 budget to State Duma

MOSCOW, Sep 30 (PRIME) -- The government has submitted a draft budget for 2022–2024 with revised spending figures for consideration by the State Duma, Russian parliament’s lower house, it said in a statement on Thursday.

Spending is planned at 23.69 trillion rubles for 2022, 25.24 trillion for 2023, and 26.35 trillion for 2024, which is a rise by 80 billion rubles, 134 billion rubles and 203 billion rubles, respectively, from the version, discussed by the government on September 21.

Revenue remained unchanged at 25.02 trillion in 2022, 25.54 trillion in 2023, and 25.83 trillion rubles in 2024.

“According to the project, budget will have a surplus in the next two years,” the government said.

The surplus is estimated at 1.33 trillion rubles in 2022, and 300 billion rubles in 2023. A deficit of 520 billion rubles is projected for 2024.

The project is based on Russia’s social and economic development outlook, which encompasses a 3% rise in gross domestic product (GDP) annually to 133.3 trillion rubles in 2022, 141.9 trillion rubles in 2023, and 151.5 trillion rubles in 2024.

(72.7608 – U.S. $1)

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