state budget of Russia

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Construction of Kerch bridge to cost $3.54 billion

The total cost of construction of a bridge across the Kerch Strait will amount to 227.9 billion rubles ($3.54 bln) in the prices of the respective years.  It includes the costs of the project contractor Stroygazmontazh and ordering …

Pros and cons of 'frozen' budget

The Russian Finance Ministry’s proposal to freeze the federal budget spending in nominal terms for 3 years was approved yesterday at a meeting with the Prime Minister Dmitry Medvedev. The ministry proposed to set the …

Russian budget  has1.5 trillion deficit

In the first five months of this year the Russian budget deficit amounted to 1.5 trillion rubles. Such data are contained in the report of the Accounts Chamber of Russia. It clarifies that the federal …

Will government's participation in financial market to be increased?

Russian Finance Minister Anton Siluanov, speaking at the International Financial Congress in St. Petersburg, has urged increasing the degree of the state participation in the national financial market. "Even with the reduction of the budget deficit we will need to significantly increase the state participation in the financial market," he noted. The Finance Minister added that the availability of reserves is compulsory for implementation of budget policy.

Ulyukayev: Russia can meet 3% GDP budget deficit in 2016

The Russian government can meet the budget deficit of 3% of GDP (a target for 2016) if a number of conditions is met, Russian Economic Development Minister Alexey Ulyukayev told reporters at a briefing at the forum of ASEAN, Tass …

 Will Russia form three-year budget again?

The Russian government is returning to three-year budget planning. According to the Kommersant newspaper, on February 26 the Cabinet of Ministers on behalf of the First Deputy Prime Minister Igor Shuvalov addressed …