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Vladimir Putin signed a list of instructions following a meeting on preparing the 2016 federal budget, which took place on September 22, 2015.
The Government has been instructed to prepare the draft 2016 federal budget based on the following financial commitments:
Fulfilment of all social obligations, including accelerated transition to provision of targeted social support;
Full financing for priority tasks in healthcare, education and science;
Implementation of import replacement programmes in industry and agriculture, including through allocation of subsidies to the Russian Technology Development Fund;
Support for exports, including through subsidised interest rates for export credits;
Implementation of measures to remove infrastructure bottlenecks, especially in the transport and energy sectors;
Implementation of projects carried out as part of the National Technology Initiative and development of a modern system of professional standards.
The Government has also been instructed to present proposals on additional revenue sources for the federal budget, in particular, export companies’ windfall earnings received as a result of the ruble’s devaluation, and better collection of excise duties on alcohol through more effective measures to prevent illegal production and trade of alcohol.
October 2, 2015