Tuesday, March 10, 2009

Officials decided not to predict a budget deficit of Russia until 2013.

SyuzhetyIzmeneniya in the budget for 2009-2011 gody04.03.2009Pravitelstvo Russian budget will receive the new version 19 martaMinfin the government will submit the draft reform of the Budget Code (BC). The newspaper Vedomosti writes that the Ministry of Finance proposed to limit the amount of BC in the budget deficit over the next three years, 5, 3 and 2 percent respectively. However, the government had decided not to impose restrictions because of the difficulty in predicting this value.
Recall that a corrected version of the budget-2009 will come to the Government of Russia on March 19. It has a budget deficit at the level of 8 per cent of GDP. The Minister of Finance Alexei Kudrin said that four years in a row - from 2009 till the 2013th - Russia expects a budget deficit of not less than one percent of GDP.
Recall that a corrected version of the budget-2009 will come to the Government of Russia on March 19. By the end of the month to make a paper scheduled for the State Duma.
Russian special agencies have begun to revise the budget-2009 in late January on the orders of Prime Minister Vladimir Putin. The previous document was adopted in November 2008, without taking into account the economic slowdown in the country. Now the budget is revised in the light of new projections.
February 24, Finance Minister Alexei Kudrin said that the budget revenues in 2009 will decline by 42 percent compared to 2008 year and will total 6.3 trillion rubles. In doing so, the cost increase to 9.5 trillion rubles.

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