Page 114 - RusRPTJun24

Russian President Vladimir Putin at a meeting of the supervisory board of the Agency for Strategic Initiatives (ASI).
“In order to implement the plans and successfully respond to external challenges, coordinated actions of all levels of government are needed,” the head of state emphasized.
Putin also named the conditions by observing which it will be possible to fulfill all the assigned tasks.
“We will, of course, solve the most ambitious tasks, ensure economic growth, and therefore the well-being of Russian families, if we continue to expand opportunities for our scientific and production teams, for engineering, entrepreneurial, creative teams, for volunteers and representatives of non-profit organizations , non-profit sector,” the president explained.
Federal budget expenditures for implementation of National Projects will total RUB3.008 trillion ($33.3bn) in 2024, the Russian Finance Ministry told TASS, or just under a quarter of what is being spent on defence.
"The Federal Law "On the federal budget for 2024 and the planned period of 2025 and 2026" provides RUB3.008.4 trillion for implementation of National Projects in 2024. The largest amount of budget allocations in 2024 is provided for implementation of the following National Projects: Demography - RUB890bn ($9.9bn), Safe Quality Roads - RUB621.4bn ($6.9bn), Healthcare - RUB283.8bn ($3.15bn), and Education - RUB237.2bn ($2.6bn)," the ministry said.
Federal budget spending for National Projects provisionally totalled RUB2.53 trillion ($28bn) or 84.5% of planned allocations as of December 1, 2023, the ministry said earlier.
Following the recent cabinet reshuffle, technocratic economist and close Putin ally Andrei Belousov has been appointed Defence Minister in a move that is seen as an effort to improve the efficiency of the military spending.
However, spending on the 12 National Projects that were launched in 2019 has also been ramped up. Belousov played a leading role in drawing up that plan which has recently been dramatical expanded to the National Projects 2.1.
While military spending has overtaken social spending for the first time ever, spending on the National projects is already equivalent to a quarter of what is being spent on defence and one of the budget’s biggest expenditures.
The total spending on the military this year is slated to be RUB12.8 trillion ($140) in the current budget plan, up nearly a third (29%) from last year’s
114 RUSSIA Country Report June 2024 www.intellinews.com