What new scheme was invented in Russia to save the budget Anzhelika Galesevich The Russian authorities are trying to save the budget in various ways. They came up with a new scheme: the Central Bank will provide funds to the Ministry of Finance to finance the war and generally cover the deficit. But it's not that simple. In order not to directly violate the law, they brought in intermediaries. Doctor of Economics Igor Lipsits told Channel 24 that this is harmful to the Russian economy, but for now it keeps it “afloat”. According to Lipsits, the Kremlin has effectively made a decision that violates the law. Since in Russia it is forbidden for the Central Bank to accredit the government. However, there is nothing to plug the “hole” in the budget. Therefore, the Russian authorities took this step, but in a roundabout way: Accordingly, this money will come from the banks. Banks will receive bonds, which they will pledge at the Central Bank and receive money back, – noted Igor Lipsits. In simple terms – the Central Bank will provide money to the Ministry of Finance to finance the war, but through intermediaries in the form of commercial banks. This, according to the doctor of economic sciences, is not good for the Russian economy. But it helps Russia to somehow stay “afloat”. By the way, as a result of the sanctions, half of the Russian Airbus A320neo and A321neo aircraft are not used due to problems with engine maintenance. More about the new scheme
What new scheme has been invented in Russia to save the budget
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