The State Duma of the Russian Federation immediately allocated 1.5 trillion rubles for the war

The State Duma of the Russian Federation has supported an amendment to the Budget Code of the Russian Federation, which would increase the total volume of federal budget expenditures in 2024 by up to 1.5 trillion rubles ($15.4 billion at current exchange rates) without amendment the budget. law The decision was made on October 22, reports RosSMI.

As mentioned in the explanatory note, the adoption of the bill allows for the allocation of additional budget funds in 2024 for “primary goals” specified by Vladimir Putin.

Earlier, speaking in the parliament during the discussion of the bill, the Minister of Finance of Russia Anton Siluanov admitted that this year there are additional needs for financing some activities, especially the war in Ukraine.

“These are the costs of subsidizing interest rates for a number of programs, and mainly for mortgage programs, because of the increase in rates, more than 500 billion rubles are required this year , the rates also increased, an increase in expenses was necessary for these purposes.

He said, in relation to this, the government is asking for permission to increase the spending of the federal budget this year. As a result, they will reach 39.4 trillion, the deficit will grow to 3.3 trillion rubles, or 1.7% of GDP.

The Accounts Chamber of the Russian Federation noted that the bill did not specify the sources of coverage for the increase in costs, but supported its adoption.

In the past, the media wrote that in 2025 Russia plans to increase defense spending. In particular, the Kremlin intends to spend more than 13 trillion on military needs. rubles