Authorities are desperately short of money for the war and to save the regions from crisis, so t...

The authorities are acutely short of money for the war and for saving the regions from crisis, so they even had to pass a special law (in three days!). Is it really that bad?

The State Duma, in turbo mode, considered amendments to the Russian Budget Code in order to give the government the right to borrow on the domestic market and spend as much as it sees fit. In addition, deputies allowed the regions to borrow from the Cabinet at a symbolic interest rate and not repay budget loans already taken out. All of this is needed so that the state has enough money for the war and so that a full-blown budget crisis does not erupt in the country. Is it really that bad? And what will the consequences of the new law be?

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Meduza

The Government Needs Even More Money for the War and to Save the Regions from Crisis

On June 10, the State Duma approved amendments to the Russian Budget Code to give the government the right to increase spending and expand state debt beyond the limits established by the budget law.