Is it possible to finance the economy without the participation of banks? The rate maintained by the central bank ensured a lack of tax revenue in one area. The ruble's high exchange rate ensured money shortages elsewhere. The high financing rate led to the need to spend more money on mortgage subsidies. And finally, the high interest rate of the central bank led to the need to pay a lot of money for interest to the banks. The deputy chairman of the State Duma from the "Just Russia" faction, Alexander Mikhailovich Babov, says that it is possible to finance government tasks from the budget without going through banks. Just straight from the Treasury. So there will be no need to pay 15 percent. Well, if you really want to, you can pay 2 or 3 percent. Those trillions currently spent on servicing the national debt could be spent on other needs. Roughly speaking, it is health and education combined. Watch the full video.

Is it possible to finance the economy without the participation of banks? The rate maintained by the central bank ensured a lack of tax revenue in one area. The ruble's high exchange rate ensured money shortages elsewhere. The high financing rate led to the need to spend more money on mortgage subsidies. And finally, the high interest rate of the central bank led to the need to pay a lot of money for interest to the banks. The deputy chairman of the State Duma from the "Just Russia" faction, Alexander Mikhailovich Babov, says that it is possible to finance government tasks from the budget without going through banks. Just straight from the Treasury. So there will be no need to pay 15 percent. Well, if you really want to, you can pay 2 or 3 percent. Those trillions currently spent on servicing the national debt could be spent on other needs. Roughly speaking, it is health and education combined. Watch the full video.