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Official website of the President of Russia

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Law on federal budget for 2021 and 2022–2023 planning period

December 8, 2020

Vladimir Putin signed the Federal Law On the Federal Budget for 2021 and the 2022 and 2023 Planning Period.

The Federal Law is based on the baseline scenario for the socioeconomic development of the Russian Federation for 2021 and for the 2022 and 2023 planning period.

The main parameters of the 2021 federal budget are determined based on the projected gross domestic product of 115,533,000,000,000 rubles and an inflation rate below 3.7 percent. The projected total revenue is 18,765,100,000,000 rubles, with total expenditures of 21,520,100,000,000 rubles. The federal budget deficit will amount to 2,755,000,000,000 rubles.

December 8, 2020