22 Sep 2009 17:16

Russian budget expenditures on anti-crisis measures to total 70 bln rubles in 2010

MOSCOW. Sept 22 (Interfax) - Russia will spent 70 billion rubles in federal budget funds on anti-crisis measures in 2010, a source in the government told Interfax.

"The government has decided to earmark a total of 70 billion rubles in federal budget expenditures for 2010 for the realization of measures to support the economy and social policies. These are anti-crisis funds," the source said.

Under the draft law on the federal budget in 2010 and the planned period of 2011-2012, federal budget expenditures are to total 9.887 trillion rubles, or 22.9% of GDP, which is planned at 43.187 trillion rubles.

In addition, the source said the draft federal budget envisions the allocation of up to 150 billion rubles for additional capitalization in the banking system by swapping federal loan bonds for preferred bank shares.