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.
