Cabinet approves draft Russian federal budget for 2020-2022

Cabinet approves draft Russian federal budget for 2020-2022

The Russian government approved the draft federal budget for the next year and the  2021-2022 planning period, the press service of the Cabinet reports.

It is clarified that the decision was made on the key issues, the document will be finalized within ten days, RIA Novosti reports.

According to a source in the Ministry of Finance, the federal budget spending is planned at 19.5, 20.6 and 21.8 trln rubles in 2020, 2021 and 2022 accordingly. The expenditures relative to GDP will increase throughout the entire three-year period, the budget will have a stimulating focus.

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