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The document provides for an increase in social spending and additional funding for national projects.


Order of September 29, 2021 No. 2717-r

The bill on the federal budget for 2022 and for the planning period of 2023 and 2024 has been submitted to the State Duma for consideration. The order was signed by Prime Minister Mikhail Mishustin.

When drafting the document, the Government proceeded from the need for unconditional fulfillment of social obligations to citizens, instructions of the President and decisions announced by him in the course of messages to the Federal Assembly. These are, in particular, targeted support for families with children, the payment of benefits to pregnant women experiencing financial difficulties, an in-depth medical examination, and the implementation of medical rehabilitation programs.

The document assumes full financial support for the implementation of national projects and the achievement of national development goals.

The draft budget was drawn up on the basis of the basic version of the forecast of socio-economic development with an annual economic growth of 3% over the next three years. The forecasted volume of GDP in 2022 is determined at 133.3 trillion rubles, in 2023 – 141.9 trillion rubles, in 2024 – 151.5 trillion rubles.

According to the project, the budget will be in surplus in the next two years. Revenues in 2022 will amount to 25.02 trillion rubles, in 2023 – 25.54 trillion rubles, in 2024 – 25.83 trillion rubles.

Expenditures in 2022 are planned at 23.69 trillion rubles, in 2023 – 25.24 trillion rubles, in 2024 – 26.35 trillion rubles. Of these, 2.74 trillion rubles are provided for the implementation of national projects in 2022, 2.88 trillion rubles in 2023, and 2.98 trillion rubles in 2024.

Draft budgets of extra-budgetary funds, the main directions of budgetary, tax and customs-tariff policy, forecast of socio-economic development and a number of other documents that are of decisive importance for public finances were also sent to the lower house of parliament. The documents for the budget package have been submitted to the State Duma in electronic form.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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