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Govt to inject 100 bln roubles into education system modernization

Sergei Naryshkin said around 100 billion roubles will be allocated from the budget for modernization and development of regional education systems in 2012-2013

ST PETERSBURG, October 25 (Itar-Tass) — The Kremlin’s chief of staff, Sergei Naryshkin, said on Tuesday around 100 billion roubles will be allocated from the budget for modernization and development of regional education systems in 2012-2013.

Naryshkin visited a new school in the Leningrad region, where he held a meeting on educational issues.

Around 20 billion roubles will be injected into the project in 2011.

The funds will be earmarked for infrastructure development, purchase of necessary equipment and retraining of teaching staff.

He noted that around 1 billion roubles from the budget will be invested into kindergartens’ re-equipment and another 8 billion roubles will be extended as loans to regions for equipping pre-school institutions.

“At present, the Finance Ministry is drafting principles for extending such loans,” Naryshkin said.

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