The budget is expected to be in surplus for the first two years: in & nbsp; 2022, revenues should exceed expenses by & nbsp; 1.33 trillion rubles (1 % Of GDP), and & nbsp; 2023 & nbsp; & mdash; 0.3 trillion (0.2% of GDP). In & nbsp; 2024, a deficit of & nbsp; 0.52 trillion rubles (0.3% of GDP) is planned.
In the new budget, the authorities provided funding for targeted support for families with children, payments of benefits to pregnant women, an in-depth clinical examination, and the implementation of medical rehabilitation programs.
President Vladimir Putin proposed to increase from & nbsp; 2022 by & nbsp; 8.6% the cost of living and & nbsp; the minimum wage (above inflation) and & nbsp; provide funds for & nbsp; this. The day before, he & nbsp; signed a law on & nbsp; increasing the minimum wage to & nbsp; 13 & nbsp; 890 rubles from & nbsp; new year. The increase in income will affect 19 million citizens.
In addition to indexing social spending, the government found additional money for & nbsp; development of the health care system, construction and & nbsp; overhaul of schools, solution of housing problems of citizens, renewal of regional and & nbsp; local highways. The funds will also go to & nbsp; subsidizing air travel for & nbsp; residents of the Far East, developing rural areas, increasing the availability of medical care in & nbsp; villages, building sports grounds, promoting youth employment and & nbsp; other purposes.
The budget deficit is planned to be financed through government borrowings; the use of NWF funds for these purposes is not expected.
The upper limit of the domestic public debt for & nbsp; the beginning of 2023 was set at & nbsp; 20.8 trillion rubles, 2024 & nbsp; & mdash; 23.5 trillion, 2025 & nbsp; & mdash; 26.3 trillion, external & nbsp; & mdash; $ 70.7 billion (€ 58.5 billion), $ 71.7 billion (€ 58.8 billion) and & nbsp; $ 75.7 billion (€ 61.5 billion), respectively.
The size of the NWF at & nbsp; the beginning of next year is forecasted at & nbsp; the level of 13.89 trillion rubles, in & nbsp; subsequent years & nbsp; & mdash; 16.48 trillion and & nbsp; 20.1 trillion, respectively. With & nbsp; and & nbsp; by the end of 2024, according to & nbsp; government estimates, the volume of the National Welfare Fund will increase to & nbsp; 23.267 trillion rubles.
The budget was formed on the basis of & nbsp; forecasted GDP for & nbsp; 2022 in & nbsp; 133.328 trillion rubles , 2023rd & nbsp; & mdash; 141.881 trillion, 2024th & nbsp; & mdash; 151.513 trillion, and & nbsp; also the inflation rate is not & nbsp; above four percent in & nbsp; year.