The Ministry of Finance proposed to freeze the budget expenditures for the next three years


According to the proposal of the Ministry of Finance on financing of state programs and the main areas of Federal spending in the 2017-2019 biennium. the budget expenditures proposed to freeze in nominal terms at the level 15,78 trillion per year for all three years. This is reported by “Vedomosti” with reference to the document with which the publication was able to see, as well as Federal officials and official representative of the Ministry.

As the “Vedomosti”, the level of 15.78 trillion rubles a year, even less than the adjusted spending in 2016, which will be of 16.25 trillion.

“It’s the risk-free level of expenditure that we can afford in the current situation, taking into account all risks,” — said the publication representative of the Ministry of Finance.

Thus, the “Vedomosti”, Federal spending in real terms will be reduced over three years by about 20% compared with the level in 2016, and many of the costs for state programs of social support, affordable housing, healthcare development, etc. will decline even in nominal terms. All of the 42 state programs costs, according to the document, in nominal terms, decreasing by 36, specifies the edition.

According to “Vedomosti”, the maximum (more than twice in three years) reduced funding for the state program on development of physical culture and sports. Funding for socio-economic development of the Crimea will be reduced more than the widow: 149,3 billion rubles in 2016 to 65,98 billion in 2019 in addition, will be reduced by 15% over three years closed part of government programs (primarily defense spending), the nominal growth of expenditures is envisaged for public financial management, economic development, and industrial development.

In part of the budget that do not pertain to state programs, the nominal cost increase only on the development of the pension system – from 3.35 trillion rubles in 2017 to 3.67 trillion in 2019, or 20% compared with the year 2016.