Russia plans to deploy a broad set of economic support measures that could surpass 5 trillion rubles, according to Prime Minister Mikhail Mishustin. Speaking on May 13 during a briefing about this year’s federal budget, Mishustin emphasized that the Cabinet of Ministers is actively supervising all sectors of the economy to ensure stability and timely assistance where needed.
When considering not only direct financial aid but also tax deferrals and related support measures, the overall fiscal backing for the government’s ongoing programs is projected to exceed 5 trillion rubles. The premier noted that additional steps are under way and that the total measure of fiscal stimulus for the year is expected to top 8 trillion rubles.
Such a large-scale spending program is framed by the administration as fiscally responsible and balanced. Mishustin recalled the government’s approach during the early stages of the coronavirus outbreak, underscoring the commitment to maintain a solid financial base while supporting economic activity. He pointed to a noticeable rise in federal treasury outlays in the first four months of the year, indicating a shift toward more active fiscal management compared with the prior period.
- About a month earlier, Mishustin announced the allocation of more than 3.7 billion rubles aimed explicitly at sustaining factories and manufacturing enterprises.
- Further information and updates on these measures are shared through official government channels as the plan progresses.