The Federation Council has approved the law on increase of budgetary appropriations from reserve Fund of the government

Image: portal of the mayor and government of Moscow

the Federation Council approved a law that provides for prompt increase of budgetary appropriations from reserve Fund of the government during the execution of the budget in the current year with their subsequent use. About it reports Agency “Moscow”.

the law Also provides for the establishment of the Commission of the Federal Assembly for the redistribution of budget allocations in this financial year and planning period, which considers the statutory proposals of the Ministry of Finance and submits them to the state Duma, the Federation Council and the Accounts chamber.

Previously, the state Duma adopted in the first reading amendments to the Budget code that allow you to send funds to combat coronavirus without editing the budget.

This will allow us to support the regional economy and balance regional budgets. Under the bill, the government can redistribute the money in a reserve Fund and send them to Finance the fight against the threat of the spread of coronavirus without amending the law on the Federal budget.

Earlier, Finance Minister Anton Siluanov said that Russia in 2022 will face a budget deficit. As the main reasons he pointed to the fall in oil prices and the spread of coronavirus.

he Also said that Russia is preparing proposals to offset the impact COVID-19 on Russia’s economic performance.

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