| Other Photos |
 |
|
 |
President Putin Signs RF Budget-2005
December 24, RF President Vladimir Putin signed the Federal law “On Federal budget for 2005,” President of Russia’s official web portal reports. The main aspects of the budget are based on 2005 year average price of $28 per barrel for Urals oil and 30 rubles per $1 exchange rate.
This document was passed by the State Duma on December 8, 2004 and approved by the Federation Council on December 10, 2004. According to the budget the 2005 net surplus must equal to 3 trillion 326.08 billion rubles, or 17.8 percent GDP, expenditures – 3 trillion 47.97 billion rubles, or 16.3 percent GDP.
The GDP volume prognosticated for 2005 equals 18.72 trillion rubles. Planned inflation rate –7.5-8.5 percent. As much as 240 billion 211.7 million were assigned to national economy, 6 billion 834.8 million rubles – to housing and communal services, 4 billion 625.2 million rubles – to environment protection.
One of the peculiarities of the budget-2005 is a significant increase of expenses for national defense (27.7 percent more compared to the last year), and national security and law enforcement (26 percent).
At the press conference Putin mentioned that in the recent years Russia’s financial situation had been getting better: the country’s budget has been in the surplus, Stabilization fund reached the $5 billion mark, and the country’s debt had been cut short by a third.
“All that allows us to expand our borders in solving social problems,” Putin said at the press conference.
|
|
|
