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9 April, Thursday

Ufa   °

Молния

Additional 368 billion rubles will be allocated for national projects in Russia

Economy/Business

UFA, 16 December 2019. /Bashinform News Agency/ translated by Tatiana Aksyutina/.

The cost of implementing national projects will increase by 368 billion rubles to 26 trillion, the newspaper Izvestia reports, citing a source in the Russian Ministry of Finance.

Thus, the most significant sum of the additional funds will be allocated to the "Demography" national project — 279 billion rubles. This is due to an increase in the number of recipients of benefits for the first and second child. Now, such payments can be received by families with a child under 1.5 years of age, where the total income of the parents is less than 1.5 living wages per person. In 2020, benefits will be received by families whose income is less than two such minimums until the child is three years old.

The cost of the “Healthcare” and “Integrated Infrastructure Development Plan” projects will also increase significantly — by 39 billion and 38 billion rubles, respectively.

About 12 billion rubles will be additionally allocated for the implementation of other national projects. The spending of the “Ecology” national project will decrease. Seven billion rubles in total over three years will be saved on it.

In total, it was planned to spend 25.7 trillion rubles on the implementation of national projects until 2024. Of these, 13.2 trillion rubles will be allocated from the federal budget, 4.9 trillion rubles from the budgets of the constituent entities of the Russian Federation, 7.5 trillion from extrabudgetary sources, and another 0.1 trillion from state extrabudgetary funds. Now 13.5 trillion rubles will be allocated from the federal budget.

A system of 13 national projects was formed following the May decree of Russian President Vladimir Putin. They are designed to ensure sustainable natural population growth, Russia's entry into the five largest economic systems in the world, as well as the transition to economic growth rates above the world while maintaining macroeconomic stability.

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