Putin announced plans to achieve a state budget deficit of 0.7% by 2024
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The Russian state budget deficit is planned to be reduced to 0.7% by 2024. This was stated by President Vladimir Putin. According to the head of state, next year the budget deficit may be less than the level set in the draft law. Earlier, Prime Minister Mikhail Mishustin announced that the federal budget for 2023 was drawn up with a deficit of 2.9 trillion rubles, or 2% of GDP.
“Now, while working on the budget, we have come to the conclusion that somewhere in 2024 we will reach the so-called budget rule and will confidently reduce the budget deficit to 0.7%,” Putin said at a meeting with heads of engineering schools. in Veliky Novgorod.
The President noted that in 2023 the budget deficit is planned to be approximately 2%. “Maybe even two (percentage deficit.— “b”) will not be, maybe less or somewhere in this (size.— “b”), but in any case, there are resources,” Mr. Putin said.
Yesterday, September 20, the government estimated the next year’s budget deficit at 2% of GDP, about 3 trillion rubles. It is expected that for 2024 the deficit will remain at the level of 0.8% of GDP compared to June figures. And the budget deficit of 0.7% of GDP was planned to be reached only by 2025.
More information about the forecasts – in the publication “Kommersant” “We walk on not the last”.
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