State finance

Moscow's budget lost over 600 billion rubles due to the coronavirus pandemic in 2020.

The direct consequence of the coronavirus and the associated drop in incomes has been the savings Russians have on purchases.

In August, Ursula von der Leyen said that the European Commission would send 53 million euros to the most vulnerable people and civil society of Belarus, bypassing the country’s authorities.

Budget savings in Russia reduce the chances of a quick recovery of the Russian economy.

Mikhail Mishustin spoke about state support for medical and educational institutions of the country.

Opponents of even a temporary cut in foreign aid include all Boris Johnson’s predecessors since 1990: Theresa May, David Cameron, Gordon Brown, Tony Blair and John Major.

The reason for blocking the project by these countries was the inclusion in it of the principle of the rule of law.

The government is extending tax holidays for enterprises from the regions most affected by the pandemic by 3 months.

According to Mikhail Mizintsev, tha funds are provided “for humanitarian purposes, restoration of power grids and industrial production, objects of religious worship”.

There is a suggestion foe the Central Bank to limit the amount of daily transfers from bank cards belonging to pensioners.

Finance Minister Anton Siluanov hopes that unplanned measures will not be needed.

According to the publication, US President did not pay income tax, since he indicated that the total losses of his companies exceed profits.

At the end of June, it amounted to 114.1 % of gross domestic product.

This was stated by a member of the Presidium of the Coordination Council for Power Transfer, Pavel Latushko.

Russian President Vladimir Putin said it during negotiations with Alexander Lukashenko in Sochi.