“More than a trillion,” he said, answering a question about the effect of quarantine measures on budget revenues.
Kolychev explained that we are talking about losses from a decrease in activity in the economy, not taking into account the deferrals on tax payments provided to businesses.
“Our deferrals are not actually provided for mainly in terms of federal budget revenues. Naturally, they affect the federal budget, but not on revenue parameters, but on expenditure, when we compensate for these shortfalls in income due to delays in the subjects and budgets of extra-budgetary funds, ”RIA Novosti quotes him.
The Finance Ministry also said that the total cost of measures aimed at combating coronavirus in Russia and mitigating economic consequences is estimated at 4 trillion rubles.