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Ministry of Finance: President's initiatives will cost 400 billion rubles

Ministry of Finance: President's initiatives will cost 400 billion rubles
Photo: pixabay.com

Finance Minister Anton Siluanov estimated the costs for two years on the implementation of the new proposals of Russian President Vladimir Putin, voiced in the message to the federal assembly. In his opinion, the expenses will amount to 400 billion rubles.

Anton Siluanov appreciated the spending on new initiatives on the air of the Russia 24 channel, stressing that all initiatives are calculated, there are funds for them, and such payments do not carry any inflationary risks. According to TASS, about 270 million rubles will be spent in 2021 and another 130 billion rubles in 2022. The most significant expenses will be payments for schoolchildren of 10 thousand rubles by September 1, which is about 170 million rubles.

Investments in infrastructure projects will be financed from the National Wealth Fund. The costs of these projects will be clear after the regions form a list of such objects by May 1. However, according to rough estimates, budget loans to the subjects for such projects will amount to about 2024 billion rubles by 500.

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