President Dmitry Medvedev signed the Federal Law On Amending the Federal Law On federal budget for 2009 and the planned period 2010 and 2011.

federal law aimed at financial security spending commitments Russia that emerged in the current fiscal year, including based on judicial decisions, as well as the implementation of additional capitalization of banking credit institutions, according to the press service of the President.

Act provides for an increase in spending and the federal budget deficit for the year 2009 with the persistence of the previously approved level of federal revenues for the current year.

As reported, the cost of the federal budget in 2009 will increase by 152.9 billion rubles to 9.8 trillion rubles. Thus, the budget deficit in 2009 will amount to 3.1 trillion rubles, rather than 2.9 trillion rubles, as previously planned.

change the total federal expenditures associated with planned operations for additional capitalization of the banking sector, the implementation of the repurchase additional shares in favor of Russia, as well as budget cuts to finance projects undertaken by the target of foreign lending (borrowing). Federal law changed the upper limits of the state of internal and external debt.

federal law passed by the State Duma on 25 September 2009 and approved by the Federation Council on Sept. 29, 2009.
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