In Russia, it was decided to reduce the infrastructure development expenditures of the federal budget in 2024. This has been reported “Vedomosti” Referring to the draft budget for 2024-2027.
According to the document, financing for measures to modernize and expand infrastructure will be reduced by almost 12% compared to the plan for 2023-2025, to 101.6 billion rubles.
Expenditures on the development of ports will be reduced by a maximum of 4 times to 2.8 billion rubles. Funding for regional airports will drop by 21.9% to 27.4 billion rubles. Spending on the development of the Northern Sea Route, the largest infrastructure project, was cut by 5%. At the same time, funding for the Central Transport Hub was also increased.
Previously, the Ministry of Finance explained the reduction in budget expenditures by the need to solve “financially intensive tasks”. Initially, expenditures for 2024 were estimated at 29 trillion rubles, but eventually increased to 36.6 trillion.
Previously the State Duma was planned analyze Subsidies for loans in the draft budget.