Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


Russia Returns To Three-year Budget Planning
April 21, 2016 18:21


(Source: http://economyz.ru/biudzhet)

Russia returns to three-year budget planning. This was stated by the Prime Minister Dmitry Medvedev delivering the annual report at the State Duma, as TASS reports.

“We return to three-year planning. This gives us a clearer vision of the future” – the agency quotes his words. Medvedev added that adaptation of the economy to the changed reality would be impossible without an effective fiscal policy.

The Prime Minister also told that the government would not amend the budget during the spring session. “We managed to escape the adjustment of the budget for 2016, although at the beginning of the year it seemed inevitable. We will also avoid making amendments to the budget in the spring session”- Dmitry Medvedev stated.

The government refused from three-year budget planning in the autumn of 2015 against the background of the difficult economic situation. The decision was taken due to the inability to make an adequate forecast under the conditions of instability. Russia moved to a long-term budget planning in 2007 when the financial plan for the years 2008-2010 was first approved. According to Aleksei Kudrin, the then finance minister, the three-year budget planning should help to reduce the economy’s dependence on oil and gas. In March 2009 the government temporarily abandoned this scheme and returned to a one-year version.


Sources: http://lenta.ru 

Author: Anna Dorozhkina

Tags:      

Next Previous

You might also find interesting:

The Last Route Of Boris Nemtsov The Group For the Murder Of Boris Nemtsov Was Formed In January 2015 The State Duma Will Study Blockchain Business Climate Improvement To Be Discussed Expenditures Of Russians Exceeded Their Income









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
TAGS:
Buzuluk  Russian business  Moscow  European Bank for Reconstruction and Development  Manors of Moscow  Russian Literature  Russian Rock  Rogozin  Russian Souvenirs  Yulia Samoylova  State Museum of Oriental Arts  Moskomturizm  migration in Russia  odd news  Russian art  Russian physics  Vodny island  Festivals  Ukraine  Russian history  Painting  International Dance Day  Quitrent  Russian hotels  Mikhail Tanich  Treasures  Exhibitions in Moscow  foreign literature  Rosneft  Art Objects  Russia  Russian Cinema  Mud Treatment  Russian mobile networks  RAMS  Alps  Veliky Novgorod  Quantum Communication  Sberbank  Russian tourism  Dismountable Cycle Track  Russian artists  Konstantin Somov  New Year celebrations  Russian Collectors' Forum  Mercedes-Benz Fashion Week Russia  Archeology  business  ROSCOSMOS  Sochi 


Travel Blogs
Top Traveling Sites