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Siluanov: Ministry of Finance is ready to support the Russians in the continuation of the epidemic

Siluanov: Ministry of Finance is ready to support the Russians in the continuation of the epidemic
Photo by: kremlin.ru

The Ministry of Finance of Russia is ready to allocate additional funding to support the population and the economy if the coronavirus epidemic drags on in the country and the restrictive measures associated with it continue.

As stated by Finance Minister Anton Siluanov in an interview with the channel "Russia 24", the amount of financing for these purposes has not yet been determined, but the agency will provide for this purpose as much money as is needed. According to him, there are enough resources for this.

About 2,8% of the GDP of additional resources in the form of direct budget assistance and in the form of guarantee support will be directed to measures to minimize the consequences of the pandemic. The Ministry of Finance will take about two trillion rubles from the National Welfare Fund, and will attract another one trillion rubles as additional borrowings.

In this regard, the federal budget this year will be in short supply. However, measures are necessary so that citizens to a lesser extent feel the consequences of negative phenomena.

Siluanov previously reported that the Russian National Welfare Fund will remain at the end of this year. about seven trillion rubles, budget deficit Russia may reach about 5,6 trillion rubles instead of the previously planned surplus of 900 billion.

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