Support The Moscow Times!

Medvedev Says New Budget Brings Discipline

The federal budget for 2013-2015 will impose strict spending discipline on the government, Prime Minister Dmitry Medvedev said Thursday.

An updated budget draft will be sent to the State Duma for approval over the next few days.

The updated document focuses on social issues like salaries of staff at universities, Medvedev told President Vladimir Putin at a meeting.

Funds have also been allocated for measures to protect the economy from possible negative effects of Russia's accession to the World Trade Organization, he added.

"I won't hide the fact that the budget for 2013 and the prospects for 2014 and 2015 are difficult," Medvedev said, according to the Kremlin website. "So we'll have to brace ourselves and count every kopek, but that's probably not a bad thing ... for strengthening budget discipline."

Putin, who criticized the previous draft budget for not supporting his election promises, reiterated that the new budget should take global economic risks into account and added that the updated version will allow the government to fulfill its social obligations.

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.