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Far East in the Budget
By decision of Russian Prime Minister Vladimir Putin, the federal target program for the development of the Russian Far East and Transbaikal will receive full budget financing in 2009 and investments between 2009 and 2010 will be increased by 133.5 billion rubles. Part of those funds will go to preparations for the Asia-Pacific Economic Cooperation summit in Vladivostok. The total cost of the program will exceed 700 billion rubles by 2013.
The prime minister’s resolution comes after the draft budget was submitted to the State Duma. It represents a decision to begin the program earlier than the previous goal of 2012. It will be the largest state investment in the region since the 1970s. A government decree approved in August 2007 was passed by the presidium on August 4. At that time, the prime minister said that the volume of funding would be “more than 100 billion rubles,” but the exact sum was determined only yesterday.
In the previous three-year budget, 23.7 billion rubles was to go the program in 2009 and 32.3 billion rubles in 2010, and only after 2012 was the program to receive funds exceeding 100 billion rubles. In the new budget, those numbers have been boosted to 89.5 billion rubles in 2009, 100 billion rubles in 2010 and 120.9 billion rubles in 2011. Now preparations for the APEC summit will receive less than half the funds, that is, 37.4 billion rubles in 2009.
www.kommersant.com
All the Article in Russian as of Sep. 03, 2008
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