"It won't bring in big money": The Ministry of Finance refused to consider raising the luxury tax.

Today the head of the Ministry of Finance Anton Siluanov admitted that his department did not consider the option of increasing taxes on expensive cars and real estate.

“This direction can be developed, but not in this financial year, сказал Siluanov at a meeting with State Duma deputies. — This won't bring in much money."

The leader of A Just Russia spoke a month ago about how a luxury tax could bring additional funds into the budget. Sergey Mironov, during a meeting with Putin, who called his proposal "very reasonable."

Currently, a luxury tax applies to houses and apartments worth more than 300 million rubles (it amounts to 2,5% of the cadastral value instead of the usual 0,1-0,5%), as well as to cars worth over 10 million rubles (three times higher than the standard transport tax), airplanes, helicopters, and yachts.

At the end of this year, the federal budget deficit be Almost 6 trillion rubles is the largest hole in the Russian budget in three and a half years of war with Ukraine.

To compensate for the shortfall, officials they propose to raise VAT - from 20 to 22%. 

Officials are also increasingly talking about shifting the cost of health insurance to the unemployed—this could save regional budgets around a trillion rubles a year.

Another trillion in power they want to collect at the expense of fines from Russians.