Budget expenditures will exceed the planned level by 3.2 trillion rubles – Kommersant

Budget expenditures will exceed the planned level by 3.2 trillion rubles – Kommersant

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Russian Finance Minister Anton Siluanov said that federal budget revenues and expenses by the end of 2023 will exceed the indicators set out in the law. According to him, the actual budget expenditure in 2023 will be 32.2 trillion rubles. against the planned 29 trillion rubles.

“In terms of income and expenses, the figures are higher than planned. Incomes have increased and expenses have increased. Revenues, primarily non-oil and gas, by 3.1 trillion rubles. And oil and gas – the plan was 8.93 trillion rubles, maybe it will be about 9 trillion rubles,” said the Minister of Finance (quote Interfax). “It’s clear where our main increases are, so there is also an increase in expenses. Our plan was 29 trillion rubles. budget, but in fact – 32.2 trillion rubles,” he explained.

Mr. Siluanov emphasized that expenses are being restructured, which is a normal situation, and noted that social expenses were not reduced in 2023. “In nominal terms, all the planned tasks that were, they were almost all fulfilled in the figures that we planned, but in terms of specific weight, as a percentage of total expenses – yes, of course, they dropped somewhere,” said the head of the Ministry of Finance.

Anton Siluanov emphasized that this and next year the volume of the budget has increased, which will lead not to a reduction, but to an increase in individual budget items. “Are we reducing current liabilities? I would probably say this: we don’t reduce it by 90%, if there is one somewhere, it’s mainly optimizations that are not significant,” explained Mr. Siluanov.

By data Ministry of Finance, from January to November 2023, federal budget revenues increased by 4.8% year-on-year, to 25.96 trillion rubles. Non-oil and gas revenues of the Russian budget during the reporting period reached 17.7 trillion rubles. and increased by 25.6%, oil and gas revenues decreased by 22.8%, to 8.2 trillion rubles. Budget expenditures for 11 months amounted to 26.841 trillion rubles, which is 11.7% higher than the same period in 2022.

Details – in the material “Kommersant” “The budget reached the minimum deficit this year”.

Alexandra Goroshilova

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