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Putin to chair government commission's meeting over budget estimates

The meeting is a follow-up of the budget process launched at the conference Putin chaired on April 17, the government press service reported

MOSCOW, April 25 (Itar-Tass) — Prime Minister Vladimir Putin on Wednesday will chair a meeting of the government commission on budget estimates. It will consider the key parameters of the prognosis for Russia’s socio-economic development and the limits of natural monopolies' tariffs in 2013 and in the period from 2014 through 2015.

The meeting is a follow-up of the budget process launched at the conference Putin chaired on April 17, the government press service reported.

The main parameters of the prognosis and the draft federal law on introducing amendments to the federal law "on the federal budget for 2012 and the period from 2013 through 2014 will be submitted for approval to the presidium of the government on April 26, 2012.

The scenarios of the country's socio-economic development presented at the session of the government commission offer several options for the functioning of the Russian economy in the period to 2015, which were worked out under a single concept of external conditions. They differ in the effectiveness of the implementation of state policy, and the opportunities to enhance the competitiveness of business and support the investment demand by infrastructure companies.

Compared with the prognosis for 2012 and the period 2013-2014, some macroeconomic indicators have been adjusted.

The government commission will also consider the proposed main guidelines of the tax and customs and tariff policy in 2013-2015, in the context of the Customs Union and the Common Economic Space, as well as in the context of Russia’s joining the World Trade Organization.

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