Saturday, March 7, 2009

Russia to spend on investments over a trillion rubles per year.

KommentariiGde money Zine? 25.02.2009Dohody federal budget Russia has sokratyatsyaV 2009, Russia spent on investing 1,1 billion rubles. The statement was made by Prime Minister Vladimir Putin, RIA News. For comparison, last year the figure stood at 858 billion rubles.
According to the Prime Minister, from the total amount of 800 billion will go to construction in different directions. 300 billion to be spent on high-tech sector. In addition, at the same area of the additional 300 billion could provide Vnesheconombank and another 200 billion - the other banks that receive federal support.
Putin noted that 800 billion is not enough for high-tech sector, but investment growth compared to previous years is not too significant. Nevertheless, the Prime Minister noted that the increase still occurred even with the crisis.
The Government had to revise the basic design budget for 2009 adopted by the autumn, because of the economic downturn. Now an amendment to the budget preparation. Already aware that income will decrease by 42 percent compared with the previously planned 6.3 trillion rubles, and the cost will grow to 9.5 trillion rubles. Thus, investment will be approximately nine parts of total budget spending.

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