Putin appoints Anatoly Antonov Russia’s ambassador to USRussian Politics & Diplomacy August 21, 15:11
Death toll in terrorist attacks in Catalonia grows to 15World August 21, 14:36
Expert says Russia halted global warming for one yearScience & Space August 21, 14:01
Moscow slams suspension of US visa procedures throughout RussiaRussian Politics & Diplomacy August 21, 13:58
Russia inks deal to launch two South Korean satellites on Soyuz rocketScience & Space August 21, 13:33
Poll reveals Russians take pride in country’s symbolsSociety & Culture August 21, 13:15
Press review: Moscow works to cool off US-North Korea spat and Japan eyes peace treatyPress Review August 21, 13:00
Passenger ground effect vehicle seating 100 to be created in Russia in 2020-2022Military & Defense August 21, 12:35
Australian cyclist Perkins gets Russian passportSport August 21, 12:21
MOSCOW, May 18. /TASS/. The dynamics of investment in the Russian economy moves into a positive territory, Prime Minister Dmitry Medvedev said on Thursday at a government meeting.
"We expect that by the end of this year these changes will become more noticeable, including GDP growth, which is forecasted at a more significant level - from 1% to 2%, whereas earlier we expected 0.6%," the prime minister said.
He recalled that the current version of the budget was adopted taking into account the conservative scenario of the macroeconomic forecast.
"Domestic demand will gradually be restored, the dynamics of investment for the first time in a few years is expected to move into a positive territory," Medvedev added.
The prime minister noted that the main tasks of the budget policy remain the same for the government. "This includes timely fulfillment of social obligations, preservation of macroeconomic stability, consolidation of positive trends that we see in a number of economic sectors, which allow us to adjust the budget, support key economic sectors and gradually reduce dependence of the budget on world oil prices," Medvedev said.
The revenues of the Russian budget grew by 22% over the first four months of 2017, according to Medvedev.
"In the first four months of this year, budget revenues grew by almost 22% compared to the previous year in nominal terms, and we expect that this trend will continue. According to the results of the year, the total revenue will surpass the plans that we have made approving the budget, it might be more than 1 trillion rubles ($17.3 bln)," the Prime Minister said.
The Russian budget deficit in 2017 may reach 2% instead of the previously planned 3.2%, Medvedev said at a government meeting.
"I would like to remind you that earlier it was planned at the level of 3.2%," the prime minister said.
He added that non-oil and gas budget deficit, calculated without taking into account export revenues from sales of oil and gas, "should be the best in the last five years."