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Law on federal budget for 2022 and the 2023–2024 planning period

December 7, 2021

The President signed Federal Law On the Federal Budget for 2022 and the Planning Period of 2023 and 2024.

The Federal Law was drafted in keeping with the basic version of the socioeconomic development forecast for the Russian Federation in 2022 and the 2023–2024 planning period.

Key parameters of the 2022 federal budget are based on an estimated GDP of 133,328 billion rubles and a maximum inflation rate of 4 percent. Total federal budget revenue has been estimated at 25,021.9 billion rubles, with expenditures at 23,694.2 billion rubles. The budget surplus has been estimated at 1,327.7 billion rubles.

December 7, 2021