Russia’s 2021 budget spending can be cut by 10% due to pandemic – Federation Council

TASS Russian News Agency | Aug 13, 2020 at 8:06 PM

MOSCOW, August 13. /TASS/.The Russian government is likely to cut spending in the federal budget for 2021 by 10% due to the situation with the coronavirus, Sergei Ryabukhin, First Deputy Chairman of the Federation Council committee on budget and financial markets, told TASS on Thursday.

The Federation Council is the upper house of the Russian parliament.

"We are forced to do this. Apparently, there will be a reduction in spending for 2021. The cabinet is now working on this. I think that the reduction will be within 10%, not more, we are talking about non-priority expenses that are not crucial, let's put it this way," Ryabukhin explained.

He added that in the first half of September, the government will present to both chambers of the Russian parliament the parameters of the budget for 2021 and for the planning period of 2022 and 2023.

Earlier, the Russian Finance Ministry, in particular, suggested that the government should cut spending on the activities of the State Duma and the Federation Council (two chambers of parliament), the Accounts Chamber for 2021-2023, for the implementation of space programs, as well as for the vast majority of state programs, including healthcare and education.