The Government was instructed to come up with a maximum volume of federal budget spending in 2022–2024 based on establishing a “primary deficit” for the federal budget calculated with the base oil price in mind in the amount of 0.5 percent of GDP.
Instructions to the Government also concern a number of issues related to budgetary provisions for the constituent entities of the Russian Federation; the adoption of decisions on increasing the tax burden on enterprises in a number of economic sectors related to extraction of solid minerals, and the impact of such decisions on regional budgets; the clarification of the main parameters of the forecast for the socioeconomic development of the Russian Federation and the assessment of changes in the key parameters of the 2022–2024 federal budget.
The Government was also instructed to provide in the federal law On the 2022 Federal Budget and the 2023–2024 Planning Period for budgetary allocations that are needed for implementing in full the President's instructions issued following the outcomes of the first and second stages of the 20th Congress of the United Russia political party.
The Government, in conjunction with the State Duma and the Bank of Russia, was instructed to ensure the adoption of a federal law empowering the Bank of Russia to establish outright quantitative restrictions on the amount of unsecured loans provided by lending institutions and microfinance organisations for consumer purposes.
The Government, along with the State Council Commission in charge of the economy and finance, was instructed, in particular, to analyse the risks of implementing major construction projects in the constituent entities of the Russian Federation and, if necessary, submit proposals on ways to mitigate the above risks.
In addition, the Government was instructed to review the feasibility of amending the legislation ensuring a gradual increase from 7.0 percent to 10.0 percent of the gross domestic product the volume of funds from the National Wealth Fund placed in deposit and bank accounts with the Central Bank before which it is not allowed to place National Wealth Fund money into other financial assets with the exception of the list of infrastructure projects approved after October 1, 2021.