Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
Russian pair Tarasova/Morozov win final of ISU Grand Prix of Figure Skating in MarseillesSport December 10, 4:00
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Doping samples of all athletes from past three Olympics should be re-analyzed ― lawmakerSport December 10, 2:01
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Russian energy minister expects OPEC, non member countries to sign agreement on oil outputBusiness & Economy December 10, 0:46
40 ceasefire violations reported in Syria in past day ― Russian reconciliation centerWorld December 10, 0:02
Russia open for cooperation with IOC, WADA ― ROC presidentSport December 09, 23:44
Medvedev chaired a government meeting on Thursday to discuss the federal budget parameters and state program financing until 2017.
“This scenario (of Russia’s social and economic development) unfortunately envisages a general economic deterioration and slower economic growth this year. Then, the growth is expected to accelerate gradually to 2% next year and to over 3% in 2017,” Medvedev said.The 2015-2017 federal budget will set aside over 2.7 trillion rubles ($78 billion) for the payment of wages and salaries, the premier said, adding the government’s social obligations were a priority in the forthcoming budget period.
More than a half of federal budget funds are spent through the mechanism of state programs. In 2015, the government intends to implement 46 targeted state programs to the amount of over 1 trillion rubles (about $30 billion) in budget financing, the premier said.
The same budget financing principle will now be used by regional and local governments, including Russia’s two new constituent entities - the Republic of Crimea and the city of Sevastopol, the premier said.