Putin keeps emphasizing respect for every country’s sovereignty — KremlinRussian Politics & Diplomacy September 20, 12:44
Human rights ombudsperson says 18 cases opened over missing people in ChechnyaRussian Politics & Diplomacy September 20, 12:27
Maduro calls Trump 'new Hitler' after his remarks about Venezuela in UN speechWorld September 20, 12:22
Defense Ministry test-launches RS-24 missile towards Kura proving groundMilitary & Defense September 20, 12:12
Suspects detained after cars set ablaze outside office of Mathilda director’s lawyerSociety & Culture September 20, 11:55
Russian tennis star Sharapova ready to compete at Tokyo 2020 OlympicsSport September 20, 11:33
Lavrov blasts 'fake' claims of Russian meddling in EU elections as ‘waste of time’Russian Politics & Diplomacy September 20, 11:11
Russian emergencies minister offers assistance to Mexico after devastating quakeRussian Politics & Diplomacy September 20, 10:58
Chinese missile frigate to be open for public in VladivostokMilitary & Defense September 20, 10:41
MOSCOW, June 28 (Itar-Tass) — Russian President signed the Budget Address for 2013-2015 on Thursday.
The Russian president stated in the Budget Address that the Russian budget will be calculated on the basis of the average oil price for the last five years.
“When estimating the expenditures of the federal budget, it is expedient to base them not on current or forecast rates, which change constantly, but on more fundamental figures. Therefore, when drafting a budget it should be based on the average oil price for the last five years, and the annual budget period will be increased by one year,” the president said in the Budget Address.
Putin noted that “in five years the Russian budget will be calculated on the basis of the average oil price for the last ten years.”