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Meeting of State Council Commission on Economy and Finance

March 22, 2021

The commission met via videoconference and was chaired by Presidential Aide and State Council Secretary Igor Levitin and Chelyabinsk Region Governor and Head of the State Council Commission on the Economy and Finance Alexei Teksler, with the participation of First Deputy Finance Minister Leonid Gornin.

The meeting was attended by Chair of the Federation Council Committee on the Budget and Financial Markets Anatoly Artamonov, Chair of the State Duma Committee on Budget and Taxes Andrei Makarov, governors, officials from federal executive bodies and representatives of the expert community.

The participants discussed proposals on the best approaches to implementing the presidential instructions issued following a joint meeting of the State Council and the Presidential Council for Strategic Development and National Projects held on December 23, 2020, in part concerning regional finance and budget-to-budget relations.

In his opening remarks, Igor Levitin said the State Council Commission’s goal was to promote financial stability in the regions, increase regional budget revenues and, consequently, improve the financial opportunities for achieving the national development goals outlined by the President for the regions to 2030.

Alexei Teksler presented a regional financial analysis, which was used to draft proposals seeking to improve budget-to-budget relations and to alleviate the debt burden on regional budgets.

Leonid Gornin spoke about the Finance Ministry’s approaches to distributing subsidies for balancing regional budgets.

The participants reviewed financing for regional infrastructure projects and proposals to implement the Labour Productivity national programme.

Following the discussion, the commission members and the federal executive bodies in question will draft proposals that will then be used to compile a report for the President.

March 22, 2021