The Ministry of Finance: Reduction of expenses of the budget in 2020 is not planned

This became possible thanks to savings on individual expenditure items are redistributed to other priorities, and as a result of cancellation of individual activities in the course of execution of budgets of last years.

Photo: Ramil Sitdikov/RIA Novosti the Ministry of Finance zeroed the customs duty on the import of medicines

“Such approach allows to raise funds for new priority measures to support the economy and social sphere, without resorting to the sequestration of the budget. Reduction of expenses of the Federal budget in 2020 is not planned”, – says the statement of the Ministry of Finance.

it also emphasized that now define the directions of expenditures of the Federal budget, including reserve funds, in the anti-crisis purposes in connection with the extension of the epidemic of coronavirus in the world.