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Izvestia: Ministry of Finance will reduce costs for some national projects

Izvestia: Ministry of Finance will reduce costs for some national projects

Adjustments to the federal budget are made by the Ministry of Finance. In the next two years, 140 billion rubles less than planned will be spent on national projects.

According to information "Izvestia", The adjustment will affect the years 2020-2022. So far, the adjustments introduced by the Ministry of Finance are preliminary.

In total there will be 28 adjustments for all national projects. However, the cost of the Demographics project will decrease the most. Support for families with children will decrease by almost 150 billion rubles in two years. Significant funding cuts are also expected in the infrastructure modernization and expansion program.

According to Dmitry Belousov, Head of Macroeconomics, Center for Macroeconomic Analysis and Short-Range Forecasting, if funding for national projects is not maintained at the previously planned level, the competitiveness of the Russian economy will seriously decline.

Over the previous years of the implementation of national projects, there were regions that did not master all the allocated funds. For example, in the Primorsky Territory About 12% of federal money remained unclaimed.   

At the same time, Putin signed decree on the development of the Far East... In state programs and national projects, it was instructed to highlight special "Far Eastern" sections, which would ensure the growth of all target indicators in the Far East above the average Russian level

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