Putin Signs Law on Russian Budget for 2020-2022
MOSCOW (Pakistan Point News / Sputnik - 03rd December, 2019) Russian President Vladimir Putin signed the law on the country's Federal budget for 2020-2022.
According to the document, posted on the official portal of legal information, the budget was formed with a surplus of 0.8 percent of GDP in 2020, 0.5 percent of GDP in 2021 and 0.
2 percent of GDP in 2022.
Budget revenues were approved at the level of 20.379 trillion rubles ($317.5bln) in 2020, 21.247 trillion in 2021 and 22.058 trillion in 2022. Expenditures in absolute terms will increase over the entire three-year period and will amount to 19.503 trillion rubles ($303.9bln) in 2020, 20.634 trillion in 2021 and 21.763 trillion in 2022.