Allocations for social development in 2014 in Russia will cross the
threshold of 4 trillion rubles, Prime Minister Dmitry Medvedev said
today at the last cabinet meeting, which addressed the main directions
of budgetary policy and the main characteristics of the federal budget
for 2013 and the planning period of 2014 and 2015.
The Prime Minister also said that school education has been and
will remain free.
The funding of science, according to the head of government, will amount to about 320 billion rubles in 2013.
In addition to increasing costs, there are plans to increase budget
revenues. In 2013 the budget revenues will amount to 12.3 trillion
rubles, expenditure - to nearly 13.4 trillion rubles. Thus, the
budget deficit is projected to be 1.5% of GDP.
Medvedev said that in 2015 Russia could reach a zero level of deficit.
As noted at the meeting by the Russian Finance Minister, Anton Siluanov,
the federal budget of Russia for 2013-2015 will be calculated based on
the price of oil amounting to 92.93 and 94 dollars per barrel.
