OREANDA-NEWS. Agenda: Federal budget performance, progress implementing federal targeted programmes and the Federal Targeted Investment Programme for 2012, and 10 other issues.

Transcript: Dmitry Medvedev: Good afternoon, colleagues. Before we start working I would like to wish Sergei Prikhodko success in his new and very difficult job as Deputy Prime Minister and Head of the Government’s Executive Office. You all know Mr Prikhodko in his former capacity, including his work in the Government’s Executive Office, so I look forward to fruitful cooperation. Mr Prikhodko, I wish you success.

Sergei Prikhodko: Thank you.

Dmitry Medvedev: Let’s discuss the 2012 federal budget performance. I’d like to remind you that in accordance with the Budget Code, the Government must submit its budget performance report to the Audit Chamber by June 1 at the latest. A draft federal law on the performance of the 2012 federal budget is to be forwarded to the State Duma by August 1.

Here are some figures pertaining to budget performance last year. Gross domestic product increased by 3.4% compared with 2011 and amounted to nearly 62.6 trillion roubles. Revenue equalled 12.85 trillion and expenditures nearly 12.9 trillion roubles. The budget deficit is very small, at approximately 0.1% of the GDP.