The President will outline the basic budget policy objectives in the address.

Vladimir Putin held a meeting on implementation of the May 2012 executive orders regarding raising public sector wages.

Vladimir Putin signed Federal Law On Amendments to the Budget Code of the Russian Federation and Certain Legislative Acts of the Russian Federation in order to Improve the Budget Process.

Vladimir Putin had a working meeting with Prime Minister Dmitry Medvedev to discuss economic development issues in the context of the growing crisis in the global economy.

Vladimir Putin signed Federal Law On the Accounts Chamber of the Russian Federation.

The meeting focused on the performance of the Military-Industrial Commission, headed by Dmitry Rogozin, and the preliminary results of the state defence order placement.

Vladimir Putin held a working meeting with Presidential Aide Elvira Nabiullina and Central Bank Chairman Sergei Ignatyev, during which he announced his intention to nominate Elvira Nabiullina for the post of chairperson of the Central Bank of Russia.

Mr Stepashin briefed Vladimir Putin on the results of the Chamber’s work in 2012 and its main activities in 2013.

Vladimir Putin signed Federal Law On the Federal Budget for 2013 and the 2014–2015 Budget Plan.

Meeting participants discussed the implementation of presidential instructions to achieve specific socio-economic development goals outlined in a number of presidential executive orders issued on May 7, 2012.

Vladimir Putin approved a list of instructions issued following an October 29 meeting of the Council for Science and Education.

Issues discussed at the meeting included budget planning and fiscal discipline, balancing regional budgets and extrabudgetary funds, as well as ways to improve budget discipline.

Head of Rosfinmonitoring briefed the President on the work to monitor public spending, particularly as regards public procurement contracts. International cooperation was discussed separately.

The meeting discussed preliminary results of the nation's socio-economic development in 2011 and forecasts for the short-term.

Dmitry Medvedev chaired State Council meeting which addressed issues of redistributing powers among federal and regional authorities and improvement of budgetary relationships.

Dmitry Medvedev signed Executive Order on appointing Anton Siluanov to the post of Finance Minister.

Dmitry Medvedev held a meeting that addressed mechanisms for delineating powers between federal, regional and municipal authorities, as well as suggestions on financial allocations to the regions.

Dmitry Medvedev signed a list of instructions following the meeting of the International Advisory Board on establishing and developing an international financial centre in Russia held on October 28, 2011.

Dmitry Medvedev signed Federal Law On Amendments to the Federal Law on the Protection of Competition and to Certain Legislative Acts of the Russian Federation.

Dmitry Medvedev chaired a meeting of the State Council Presidium on raising the regions’ role in modernisation of Russia's economy.