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Russia’s government to follow same budget priorities until 2020

"We have taken certain obligations until 2020 and should fulfill them," Deputy Prime Minister Arkady Dvorkovich stated

Deputy Prime Minister Arkady Dvorkovich ITAR-TASS/ Mikhail Pochuyev

Deputy Prime Minister Arkady Dvorkovich

© ITAR-TASS/ Mikhail Pochuyev

KRASNOYARSK, February 28. /ITAR-TASS/. Russia’s government will not reconsider budget priorities and most significant programs for the period up to 2020, including defense spending, Deputy Prime Minister Arkady Dvorkovich told the Krasnoyarsk Economic Forum on Friday.

“We have medium-term planning of the budget and state programs. We have taken certain obligations until 2020 and should fulfill them. If we start reconsidering the budget policy in process and changing what we have promised, this will bring about more serious consequences,” he said.

During the forum ex-finance minister Alexei Kudrin drew attention to the fact that the planned budget expenditures on defense, security and disbursement of monetary allowances to servicemen had been greatly exaggerated.

He said it would be more effective to invest these funds into the development of infrastructure, education and creation of favorable conditions for business promotion in regions.

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