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Putin to chair meeting over drafting of budget for 2014-2016

This meeting is expected to set the top priorities of the federal budget for a next budget period

MOSCOW, September 11 (Itar-Tass) - Russian President Vladimir Putin will chair a meeting over budget projections for 2014-2016 on Wednesday, the Russian presidential press service reported.

This meeting is expected to set the top priorities of the federal budget for a next budget period.

The governmental draft budget will be estimated with due account of the budget policy address, which the president delivered on June 13, 2013, and other instructions, which the president gave in drafting of the main financial document of the country that is aimed at ensuring economic growth of domestic economy, all social commitments of the state authorities and a pension reform.

Prime Minister Dmitry Medvedev, Head of the Presidential Administration Sergei Ivanov, the deputy prime ministers, the speakers of both houses of the Federal Assembly, the chief executives of federal ministries and agencies will participate in the meeting.

Putin stated that the Russian budget will not be sequestered, but the government should set priorities of cutting expenditures.