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
http://moskva-news.com/society/2013/09/10/30601.html

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:

Digital Profile - the Platform for Collection of Data of Russian Citizens
30.10.2018
Main Criteria for Russians when Choosing a Job
26.08.2019
What Worries Russians in 2018
19.11.2018
Yandex.Taxi and Harry Nuriev have Released a Collection of Clothes with Seat Belts
05.09.2019
The Number of Employed Russians Fell Sharply
07.08.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
aircraft  Russian Photographers  Musa Calil  barbecue  Russian business  Election 2012  Moscow Architecture  human rights  Russian medicine  migration in Russia  Russian Cinema  Andrey Smirnov  vaccine  Russian regions  Leonid Fedun  The House-Museum of Pushkin's Uncle  travel to Russia  Novgorod Region  Festivals in Moscow  Maria Sharapova  Mercedes-Benz Fashion Week Russia  Graffiti  Dasha Gauser  Moscow taxis  Rosneft  Edvald Smirnov  Alexander Povetkin  Russian exhibitions  Dolphins  international cooperation  Russian Mentality  Russian airports  Astrakhan Region  Satellites  FIFA Russia Cities  Empresses of Russia  Russian Arts and Crafts  Active Travel  St. Petersburg  Igor Shuvalov  Moscow monuments  St. Petersburg events  Yury Sobolev  Moscow  Russian tourism  Russia 360  Sochi 2014  Konstantin Malofeev  Pskov  Exhibitions in Moscow 


Travel Blogs
Top Traveling Sites