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Putin's initiatives will be paid at the expense of tax incentives

Putin's initiatives will be paid at the expense of tax incentives
Photo: pixabay.com

The initiatives of President Vladimir Putin put forward in a message to the Federal Assembly will cost an additional 4,5 trillion rubles until 2024. Basically, the expenses will be covered by the federal budget.

For initiatives of the president this year alone, 450 billion rubles will be needed. As reported "News", these expenses will be covered by free balances accumulated in the accounts of the treasury, as well as by the money of the Government Reserve Fund.

The likely source of financing in the future may be the abolition of part of tax benefits. Now they annually cost the budget more than four trillion rubles, and by the end of 2022 they may exceed 4,5 trillion rubles.

In a message to the Federal Assembly, Putin proposed extending the capital until 2026, introducing it at birthas well as pay to poor families child allowances from three to seven years.

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