PM: 2022 budget stimulus for Russian economy to exceed 8 tln rbl - Business Wire - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PM: 2022 budget stimulus for Russian economy to exceed 8 tln rbl

MOSCOW, May 13 (PRIME) -- The budget stimulus that the Russian government will provide to the economy in 2022 should exceed 8 trillion rubles, Prime Minister Mikhail Mishustin said on Friday during a government meeting.

УThe government is keeping an eye on the situation in all of the industries. We are preparing additional support measures for the business. They are being included in the priority action plan. In general, the financial provision of the measures exceeds 5 trillion rubles if we take into account not only the direct support, but tax delays as well. We are implementing other measures as well,Ф he said.

УThe budget stimulus will exceed 8 trillion rubles this year,Ф he said, adding that the government will adhere to a strict financial discipline akin to what it did during the coronavirus pandemic to ensure the stimulus.

The government has to balance spending on the support measures and maintaining the pricing stability in Russia, he said.

Mishustin also said that spending of the federal budget grew almost by 25% on the year in JanuaryЦApril, but the increase of budget revenue based on a higher income from oil and gas exports allow the authorities to cover the spending and expand the governmentТs reserve fund by 1.4 trillion rubles since the beginning of 2022.

(65.7916 rubles Ц U.S. $1)

End

13.05.2022 12:09
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 57.9210 -0.9495 26 may
USD 56.2996 -0.6694 26 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 2340.18 0.00 05:16 26 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 265.80 0.00 18:49 25 may
lkoh 3942.00 0.00 18:49 25 may
rosn 359.20 0.00 18:49 25 may
sber 123.76 +0.13 18:34 25 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 58.4625 +0.1050 14:59 25 may
USDTD 58.4850 +2.0100 17:44 25 may