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Medvedev signs amendments to budget 2011 and 2012-2013

The amendments were drafted taking into account the results of the budget implementation in January-August 2011

MOSCOW, November 7 (Itar-Tass) —— President Dmitry Medvedev signed amendments to the federal budget for 2011 and the projected period of 2012-2013.

The amendments were drafted taking into account the results of the budget implementation in January-August 2011 and also on the basis of updated forecasts of socio-economic development of Russia and the expected results of budget implementation in 2011, the presidential press service said on Monday, November 7.

The amendments approve the key parameters of the budget for the current fiscal year, which increase the projected GDP, federal budget revenues and expenditures, lower the ceiling for the state internal and foreign debts, and envisage a deficit-free budget.

The amendments also increase budget appropriations for the fulfilment of public regulatory obligations in 2011, redistribute budget appropriations within the approved amount of expenditures, and specify contributions to the authorised capital of open joint stock companies.

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