The President of Russia Vladimir Putin pointed to Moscow’s surplus budget. This was reported by RIA Novosti .
During a meeting on social issues, the mayor of the capital Sergei Sobyanin said that Moscow intends to resort to the practice of borrowing. In response, Putin expressed the hope that nothing would have to be borrowed, since “the capital’s budget is strong enough and not only balanced, but it is being made up with a surplus, and with a significant surplus.”
“So don’t be too flat, please, everything is all right with you,” Putin summed up.
November 3, Deputy Moscow Mayor for Economic Policy and Property and Land Relations Vladimir Efimov a> reported that the budget expenditures of the capital in 2021 are planned in the amount of 3.15 trillion rubles – at the level of 2020. He also noted that the Moscow government has formed a socially oriented budget: more than 56 percent expenses of the city, which is 1.8 trillion rubles, will be directed to the social sphere. There is a 12 percent increase in health spending, and 7 percent increase in spending on social support for residents of the capital in cash and in kind. “It is important that the capital does not cut its spending, despite the reduction in revenues, associated, among other things, with the measures of support taken by the Moscow government in the form of tax breaks,” added Efimov. To this end, the city authorities for the first time in more than 10 years entered the borrowing market.
Earlier, Moscow Mayor Sergei Sobyanin said that the city’s economy will be able to recover from the consequences of the coronavirus epidemic and the subsequent restrictions within six months.