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“Budget rule” to be formalised in law by mid-2012 -- Shuvalov

May 28, 2012, 22:32 UTC+3
“The rule is expected to be formalised in legislation by the middle of 2012, i.e., before the end of the Duma’s spring session,” he said
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GORKI, May 28 (Itar-Tass) —— The “budget rule” should be formalised in law by the middle of 2012, First Deputy Prime Minister Igor Shuvalov said at a meeting between Prime Minister Dmitry Medvedev and his deputies on Monday, May 28.

Medvedev signed a government resolution that approved an action plan for the development of a government programme to improve the effectiveness of budget expenditures.

“Such programme was adopted by the government in 2010 and it was intended to work in 2010, 2011, and 2012. The proposed action plan concerns that the government has to do in 2012 and the most important of the events is the adoption of the budget rule,” Shuvalov said.

“The rule is expected to be formalised in legislation by the middle of 2012, i.e., before the end of the Duma’s spring session,” he said.

 

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