Ministry: Russia spends 97.4% of 2020 plan on national projects

MOSCOW, Jan 19 (PRIME) -- Russia’s federal budget spent 2.149 trillion rubles, or 97.4% of the planned amount in 2020, the Finance Ministry said in a statement on Tuesday.

“Preliminary data shows that federal budget spending on implementation of national projects amounted to 2,149.1 billion rubles as of January 1, 2021, or to 97.4% of the planned budget figures,” the statement read.

Spending on development of housing and urban environment, science, and upgrade of the main transport infrastructure exceeded 99%, while spending on safe and high-quality roads, improvement of workforce productivity and employment, culture, and demography exceeded 98%. Spending on international cooperation and exports, environment, and digital economy exceeded 97%.

Spending on support of entrepreneurship and small and medium-sized businesses was a little short of 97% of the planned amount, while spending on healthcare amounted to 96.2% of the planned figure. The national education project was the only plan, where spending fell below 90% of the planned amount to 86.4%, the ministry said.

(73.9735 rubles – U.S. $1)

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