Ministry of Economic Development: budget spending is not planned to be reduced

Budgetary expenses amid falling incomes are not only not decreasing, but, on the contrary, are increasing. This was reported by the Ministry of Economic Development.

The national economic recovery plan, the ministry emphasizes, takes into account the budgetary constraints faced by the Russian economy. In order to finance both current commitments and anti-crisis programs, funds from the National Wealth and Borrowing Fund will be used.

The plan, developed by the government, is a continuation of the package of anti-crisis measures aimed at supporting employment and incomes of the population, as well as the restoration of economic activity in general. Key initiatives of the plan complement national projects, specify their parameters and tools.

One of the main drivers of growth in the new post-crisis economy is small and medium-sized enterprises, the department notes. “We expect faster growth in the IT industry, as well as an increase in the number of small and medium-sized high-tech companies,” the press service of the ministry said.

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source: rambler