Monday, March 2, 2009

The Government of Russia will revert to a one-budget.

SyuzhetyIzmeneniya to the budget for the 2009-2011 gody25.02.2009Dohody budget-2009 will drop by 42 protsentaKommentariiSamy cold mesyats20.02.2009Yanvar to the economy of Russia was the worst month for many godyRossiyskoe the government will consider the possibility of "freezing" the three-year federal planning Budget, writes the newspaper "Vedomosti". Such a proposal will be considered at the March 2 meeting on economic issues with Prime Minister Vladimir Putin.
  Sources of the newspaper explained that all corrections are made only to the budget for 2009, and in the budget for 2010-2011 would not even change the basic parameters, because the Government has not solved is to predict the development of the situation at this time. However, the Ministry of Finance argued that the transition to a one-budget will be a temporary measure, and refers only to amendments to the budget of 2009.
Recall that now on behalf of the Russian prime minister reviewed the budget parameters for 2009-2011. The document for 2009 is revised on the basis of forecasting oil prices of 41 dollars per barrel, rather than 95 dollars, as provided for in the current version of the budget, adopted in November 2008.
According to the Ministry of Finance, the 2009 budget revenues will decrease by 42 percent compared to 2008 year and will be 6.3 trillion rubles. This expenditure should reach 9.5 trillion rubles, the budget expects a deficit of eight per cent of GDP.
Recall that Russia has moved to a three-year budget planning in 2007, when it was first approved by the Budget for 2008-2010.

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