US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
MOSCOW, January 28. /TASS/. Budget costs will be cut by 10% in 2015 with a further decline by at least 5% in real value throughout 2016-2018, according to the anti-crisis plan published on Wednesday. The document was prepared in support of sustainable development of the economy and social stability in 2015.
The plan states the majority of federal budget costs will suffer a 10% cut in 2015, primarily on account of slashing ineffective expenditures.
Obligations of social nature requiring extra allocations will be met in full. Furthermore, expenditures related to national defense, support of agriculture and international undertakings will not be reduced.
Investment resources of the budget will be focused on completion of earlier initiated projects. Implementation of new projects will be partly postponed. Operational expenditures of governmental authorities will be cut, particularly on account of VIP services.
Proposals on mid-term optimization of the federal budget structure will be drafted further on the basis of a new macroeconomic forecast to be developed in connection with the adverse international environment. Costs will be cut by 5% at the least in three years. The balanced state of the budgetary system is to be achieved by 2017 against the most probable price level for the basic Russian export commodities.