Putin promised the Russians billions of dollars to improve life but no money - Business Insider

However, there is a significant obstacle: financial support for making these promises is not provided in the budget. About it reports Business Insider. The source noted that during his annual address to the nation, Russian President Vladimir Putin promised to improve the life of the Russians. However, the cost of these promises can exceed Russia's current budget by $ 130 billion. Among the largest investments that Putin pays attention to is the allocation of 4.

5 trillion rubles, which is $ 49 billion, for the modernization of public infrastructure, as well as 1 trillion rubles for the construction and renovation of available hospitals. He also noted that it is also planned to allocate 75 billion rubles to increase birth rates and life expectancy. Last month, Putin urged the Russians to increase the number of birth rates in order to "continue their existence as an ethnic group.

" "We need to constantly work to improve the quality of life of families with children," Putin said. Journalists noted that it is unclear where the additional funds from the budget will come from. Putin also made a proposal to modify the tax system in order to increase tax rates for persons with high income of both individuals and legal entities. The Russian economy, as it turned out, continues to demonstrate stability in the face of significant sanctions imposed by the Western countries.

The conflict in Ukraine, which is already in the third year, has a significant impact on the regional and global political situation. Analysts explain the resilience of the Russian economy with the cost of military needs, state subsidies and a large globally integrated economy. However, after the invasion of Ukraine, Russia felt a shortage of budget for two years.