8 Apr 2019 10:12

Russia allocating 25.7 trln rubles for nat'l projects, this should suffice - Medvedev

MOSCOW. April 8 (Interfax) - National projects get sufficient funding and allow the money to be redistributed among them if necessary adjustments are made, Russian Prime Minister Dmitry Medvedev said.

"Indeed, the amount we allocate is colossal, around 25.7 trillion rubles. These are both federal funds and regional money, and private sources. Overall, there are plenty of resources. At least, that is how it's seen from 2019," Medvedev said in an interview with the "Future of Russia. National projects" portal.

Thus, today "the tasks and results included in the approved national project passports are financially secured. But the advantage of the project method is that we can react flexibly to changes in the situation and make adjustments if need be."

When forming a federal budget national projects get priority funding, but there are also additional revenues received in the course of implementation of a project and they can also be used to fund it, and "we are [also] allowed to re-distribute funding among national projects," Medvedev said.

The main problem is timely spending of the project funding. "I have already given instructions for ministries to get the 2019 budgets to the regions as quickly as possible. And we are also ready to make sure that federal subsidy agreements with regions are concluded for the whole period of national project implementation. This will allow regional authorities to think and plan long-term," Medvedev said.