Spending on National Projects to Increase by 340bn Rubles

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In 2022, 2.7 trillion rubles are going to be spent on national projects, the year after that almost 2.8 trillion, and 2.9 trillion rubles are planned for 2024, the explanatory note to the draft budget said, Izvestia reported.

In total, over three years, allocations will reach 8.4 trillion, which is 340 billion, or 4%, more than previously planned.

At the same time, the financing of individual national projects will undergo drastic changes. Thus, spending on the Comprehensive Plan for the Modernization and Development of Trunk Infrastructure will be cut the most – by 39%, or 335 billion rubles.

The biggest chunk of the amount, about 230 billion rubles, was planned to be spent on the construction of the Moscow-Nizhny Novgorod-Kazan highway. However, those funds were already used during last year and 2019, the report said.

The national project “Housing and Urban Environment” will also be cut by 11% or 61 billion rubles.

The allocations for stimulating budget construction will be reduced by 3 billion and by 113 billion for the resettlement of citizens from emergency housing, which was recognized as such until 2017.

At the same time, 44 billion will be added in 2022–2023 to reduce the unfit for habitation fund, which received this status after 2017.