Putin instructed the Cabinet to look beyond annual budget

Putin instructed the Cabinet to look beyond annual budget


The government’s decision to establish the annual budget of the Russian President considers reasonable, but urges the government to plan the economy for the longer term.

MOSCOW, 3 Nov. The Russian President Vladimir Putin called justified the government’s decision to establish an annual budget, but urged to watch for the future.

“The conditions in which we operate, are constantly changing, and very dynamic. And I think it justified the government’s decision to create a budget for one year,” he said at a meeting on economic issues on Tuesday.

“However, our plans for economic development not intended for year, and two or three years and for the longer term. And all measures aimed at strengthening the industrial base, infrastructure, education, health should relate to budgetary and financial policy”, — said the President.

According to the head of state need to reach a balance between development and preservation of the factor of safety of public Finance.

“Today we need to look beyond the horizon of one year, which created a budget, you need to assess the opportunities and prospects… And eventually to reach a balance between development and preservation of the factor of safety of public finances in the absolute, of course, meeting all our social obligations”, — Putin said at the meeting.