State preferential loan programs to be cut in 2023
- September 29, 2022
- 0
Since revenues from the recycling fee have fallen significantly, the government intends to reduce support to the car industry. The aim is to cut back on preferential car
Since revenues from the recycling fee have fallen significantly, the government intends to reduce support to the car industry. The aim is to cut back on preferential car loans, leasing and subsidizing gas engine equipment. It seems that the car is gradually becoming a luxury, not a means of transport.
In 2023, budget revenues from scrap levies from the auto industry and mechanical engineering are estimated at a level of just over 353 billion rubles. That is, the growth compared to 2022 will be only 2.4%. And this year, as Kommersant points out, is sure to be a failure on the salvage front.
And as revenues from this item have collapsed, the Russian government will cut state aid to the auto industry. For example, they plan to spend 5.1 billion rubles on preferential car loans by 2023, compared to 13.3 billion today. For leasing – 2.5 against 5.1 billion, and for subsidizing equipment for gas engines – 2.7 against 3.3 billion rubles. It looks like car buyers and sellers are going to be tough next year.
In 2023, budget revenues from scrap levies from the auto industry and mechanical engineering are estimated at a level of just over 353 billion rubles. That is, the growth compared to 2022 will be only 2.4%. And this year, as Kommersant points out, is sure to be a failure on the salvage front.
And as revenues from this item have collapsed, the Russian government will cut state aid to the auto industry. For example, they plan to spend 5.1 billion rubles on preferential car loans by 2023, compared to 13.3 billion today. For leasing – 2.5 against 5.1 billion, and for subsidizing equipment for gas engines – 2.7 against 3.3 billion rubles. It looks like car buyers and sellers are going to be tough next year.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
