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Russian PM urges federal budget adjustments on large number of issues

February 20, 2015, 15:40 UTC+3 MOSCOW
Medvedev urged preserving economic and social stability and supporting enterprises crucial to economic development, in particular those on which the Russian economy depends
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Russian Prime Minister Dmitry Medvedev

Russian Prime Minister Dmitry Medvedev

© Alexander Astafyev/Russian Government Press Service/TASS

MOSCOW, February 20. /TASS/. Russia's federal budget adjustments should concern large number of issues, Prime Minister Dmitry Medvedev said Friday. He was speaking at a meeting aimed to define main approaches of adjusting the 2015 federal budget.

"Each issue (of the budget) should be considered with extreme attention," he said.

Medvedev also said that social component remains the key factor in adjustment of Russia's federal budget.

"The main components of our policy should remain unchanged. Social issues remain a priority for the activities of the government and of our colleagues in the State Duma (lower house of the Russian parliament) and the parliament in general", Medvedev said

He also urged preserving economic and social stability and supporting enterprises crucial to economic development, in particular those on which the Russian economy depends.

Medvedev added that "our task is to determine what projects we can support in full and which we need to support for a period of time, and it not put them on hold, but to made specific decisions."

Russian PM said that the government and the parliament should work together on the budget adjustments and their dialogue should be open and permanent.

Earlier Medvedev said that when making adjustments to the budget the government will proceed from the forecast oil price of $50 per barrel. In 2015, the federal budget deficit may amount to 3.8% of GDP, he said.

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