Russian President Vladimir Putin suggested to allocate to regions additional funds to compensate “coronavirus” costs as well as to update the road network. He stated this today during a televised address to the Russians.
According to him, “epidemic (coronavirus infection CCCOVID-19 — ed.) put the region’s finances in a difficult position.” “It’s not only about increased expenditure on the health system, direct assistance to people, businesses, but also on the drop-down revenues, which is a shortfall of budgets of subjects of Federation, including in connection with the Federal decisions on tax exemptions and deferrals,” said the head of state.
In this regard, he instructed the government “to provide additional financial assistance to the regions, to allocate 100 billion rubles “plus” to the two hundred billion, which we already announced earlier, to compensate for the regions ‘costs associated with the implementation of national measures to combat the epidemic and its consequences”.
in addition, Putin said, “this year we will add another 100 billion roubles to upgrade regional road network.” As said the President, these funds will be used “in those subjects who are fast to build, repair roads efficiently and ahead of schedule”.
Recall that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.
on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimedx to fight the impact of the pandemic coronavirus has reached 3.3 trillion rubles.
on 2 June Prime Minister Mikhail Mishustin presented to the President a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.
Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to COVID-19@rosbalt.ru
