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State Duma to pass government's variant of the draft budget for 2002 in first reading

RIA "Novosti", August 29, 2001

MOSCOW, August 29, 2001. The State Duma (the Russian parliament's lower chamber) will pass the government draft of the federal budget for 2002 in the first reading and approve the key budget parameters and macroeconomic indicators. This opinion was expressed by Sergei Ivanenko, deputy head of the liberal Yabloko faction in the Duma. As he said to RIA Novosti, in the present composition of the State Duma "there is a stable political majority which supports the government." Ivanenko believes that during the discussion of this document in the second reading, when the financing of individual sectors is to be approved, the government will "make some concessions with due account of the proposals of parliamentarians."

The Yabloko deputies will definitely support the government's intention to raise the wages of public sector workers and increase the funding of education, Ivanenko said. He welcomed cuts in spending on industry, agriculture and targeted investment programmes as, in his opinion, "the use of these funds cannot always be controlled, so it would be better to channel them into the payment of wages to public sector workers and the repayment of the foreign debt." Ivanenko approves the formation of a financial reserve fund (as envisaged by the draft budget), with the greater proportion used to repay the foreign debt.

See also:

Budget for 2002

RIA "Novosti", August 29, 2001

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