OREANDA-NEWS  The Ministry of Finance of the Russian Federation had to work on the federal budget for next year in detail, and it is "quite tough," Russian Finance Minister Anton Siluanov said at the VTB investment forum "Russia is Calling."

"Two thousand and twenty-fifth year is a fairly tight budget, it has, firstly, a deficit as a percentage of GDP, and secondly, it is balanced at the primary level. In the current conditions, it is worth a lot, we had to work hard," he said.

"We perfectly understand the task that we are, in fact, working with - this is inflation," the minister stressed.

The central Bank is fighting it through the key rate mechanism, Siluanov recalled. "For the budget, the rate is expensive, but we understand that we are doing this to solve the main task, when then the cost of money will decrease for everyone - this is important for the budget," he concluded.