Putin said that the Central Bank will not have to print money

Putin said that the Central Bank will not have to print money
Photo is illustrative in nature. From open sources.
According to Putin, the Russian economy generates a sufficient amount of income, and the key difficulties are not related to money, but to the delivery of components, equipment, building materials and the organization of work of contractors.

Budget revenues are sufficient to finance the planned project, the Central Bank will not have to print money, Russian President Vladimir Putin said at a meeting on measures of socio-economic support for the regions.

As the President stated, the implementation of all planned projects at the level of both the country and the regions should continue in RUSSIA. “We must fully utilize the potential of our budget system as an incentive tool. Federal financing of projects and construction projects will be carried out, as agreed, in full," he said.

According to Putin, in the current situation, there will be no problems with financing from the state. “Our economy today generates a sufficient, good amount of income, which means that we will not need to resort to emission, in other words, the Central Bank will not need to print money. We have incomes, marketable, healthy incomes,” he said.

The President said that the problem is not about money, because the country has resources. “The key difficulties are related to the delivery of components, equipment, building materials, and the organization of the work of contractors,” he said.

The Kremlin refused to answer questions about Nabiullina and candidates for the Central Bank Finance

Read together with it: