Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Government Approves 2014-2016 Budget
25.09.2013 09:04
Russian Government Approves 2014-2016 Budget

The Russian government on Thursday approved the draft budget for 2014-2016, Russian Prime Minister Dmitry Medvedev said. It is now expected to be introduced in Russian Parliament on September 30.

      The budget is based on the Urals oil price of $93 per barrel in 2014 and $95 per barrel in 2015 and 2016.

      According to previously announced figures, the 2014 budget deficit will stand at 391.4 billion rubles ($12.4 billion, 0.5 percent of GDP), with incomes of 13.569 trillion rubles ($428.6 billion) and expenditures of 13.96 trillion rubles ($440.1 billion).

      In 2015, the deficit will more than double and stand at 817 billion rubles ($25.8 billion, 1 percent of GDP), with incomes of 14.545 trillion rubles ($459.3 billion) and expenditures of 15.362 trillion rubles ($485.2 billion).

      The deficit will drop to 485.8 billion rubles ($15.3 billion, 0.6 percent of GDP) in 2016, with incomes at 15.906 trillion rubles ($502.4 billion) and expenditures at 16.392 trillion rubles ($517.7 billion).

      The Prime Minister said the budget was quite austere, because it is based on the real economic situation in Russia and global markets.

      According to Anton Siluanov, the Russian Minister of Finance, the new budget will be complex, with a main goal to secure economic growth under economic stagnation conditions. It is planned to cut expenditure on public purchases and governmental facilities maintenance costs in order to release funds for some priority governmental projects.

Author: Julia Alieva

Tags: Russian Government Russian politics budget Russian economics  

Next Previous

You might also find interesting:

Survey: Russians will Cut their Costs by at Least 15% even when Quarantine is Lifted
Summer Verandas in Moscow will be Controlled with the Help of Quadrocopters
An Action in Support of Furgal Took Place in Khabarovsk
The Number of Personal Bankruptcies of Russians Increased by 68%
Russians will be Able to Go Abroad to Work and Study

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Three Crows   Novgorod Region  Russia Travel Tips  Russian Rock Music  Russian business  Russian regions  Film Archives  Rosneft  Russian univesities  Cheget  Halloween in Russia  Russian Cinema  Yaroslavl Region  Jewish Museum and Tolerance Centre  Pussy Riot case  Russian army  Tretyakov Gallery  Online Exhibitions  Ryazan Region  Festivals in Moscow  Cinema Night  Kolomenskoye  six-seat taxi   Natasha Poly  Worker and Collective Farmer  Moscow  Exhibitions in Moscow  Mosow State University  New Year celebrations  Chukotka  St. Petersburg  Must See Places  RFID  Open-Air Concerts  Federal Space Program  Krasny Oktyabr  anniversary  ExxonMobil  Russian tourism  Architecture of Moscow  Domodedovo Airport   travel to Russia  Chelyabinsk meteorite  Russian Bailiff Service  Photography  Adygea  Mercedes-Benz Fashion Week Russia  Street Art  Sberbank CIB  Tchaikovsky Concert Hall 

Travel Blogs
Top Traveling Sites