Putin blasts Lithuania’s ‘idiotic conclusion’ about Russian judges being threat to VilniusRussian Politics & Diplomacy December 06, 16:38
Court refuses to summon Chechen leader Kadyrov for questioning in Nemtsov murder caseRussian Politics & Diplomacy December 06, 16:00
Spain becomes most popular foreign destination for Russian touristsSociety & Culture December 06, 15:52
Putin urges to prevent erosion of Russian ConstitutionRussian Politics & Diplomacy December 06, 15:40
Alexander Van der Bellen wins presidential election in AustriaWorld December 06, 15:33
Nurses killed in Aleppo hospital attack to be buried with military honorsWorld December 06, 15:26
Putin says Russia’s legal framework changes too quicklyRussian Politics & Diplomacy December 06, 15:10
Syrian authorities rule out ceasefire if militants refuse to leave Aleppo — ministryWorld December 06, 14:55
Turkish PM praises Moscow, Ankara efforts in fight against terrorismWorld December 06, 14:36
MOSCOW, May 20. /TASS/. Russian President Vladimir Putin will hold a session on Wednesday with the government on federal budget in the short-term. Kremlin spokesman Dmitry Peskov said that "the main issue on agenda is targeted forecast of social and economic development in 2016 and in the planned time span 2017-2018."
Russia’s Economic Development Ministry submitted the updated forecast to the government in April, but it still needs further adjustments. According to Finance Minister Anton Siluanov, adjustments will include more conservative assessment of oil prices, more conservative approach to forecasting economic growth and currency rate changes.
The current budget for 2016 envisages revenue at 14,017 trillion rubles, spending at 15,248 trillion rubles and deficit at 1.5% of GDP. The budget for 2017 envisages both revenue and spending at 15.28 trillion rubles and zero deficit.