Federal budget collapse: Russia will stop building roads because of lack of funds

According to Roszma, road costs had to be cut, as the federal budget lost half of oil and gas revenue. The Russian government reduces the cost of building roads after the federal budget revenues that have lost half of oil and gas taxes. This was reported in the Russian edition of Kommersant.

According to Roszma, the Russian authorities for the first time reduce the financing of one of the largest national projects of the Kremlin "Secure Quality Roads", in which 85% of urban roads and 60% of rural roads should be repaired by 2030. The annual amount of investments in the National Processes fell by 4. 1% to 451. 9 billion rubles. They reduced the program of "Public Transport Development" more than others. It was allocated 40. 7 billion rubles, which is 12% below last year's level.

In addition, in money lost the project "Development of the Federal Main Network" - it was reduced by 10. 3 billion rubles, up to 202. 3 billion. As it is known that oil and gas provide almost 40% of all revenues of the Russian government. In Russia, it was reported that for the first half of 2023 the Federal Budget of the Russian Federation did not benefit 554 billion rubles of basic oil and gas revenues required to provide expenses.

The reduction of oil and gas fees in six months was about the same amount as the results of the first quarter - minus 47%. We will remind, this year the Russian Gazprom will pay only about $ 30 billion from the European market instead of $ 122 billion last year. Financial losses will be nearly 90 billion for Gazprom himself and $ 28 billion for the state in the form of unbiased duties.