Putin signed the budget for 2003

Russian President Vladimir Putin signed the Federal Law "On the Federal Budget for 2003", adopted by the State Duma on December 18 and approved by the Federation Council on December 18, 2002. This was reported by the press service of the head of state.

The main parameters of the budget have been known since the first reading. Revenues are planned in the amount of 2.41 trillion rubles, expenses - 2.34 trillion rubles.

The budget is designed based on the average annual oil price in the amount of $ 21.5 per barrel and a currency course of 33.7 rubles. For the dollar. Inflation is planned at 10-12% per annum, GDP growth will be 3.5-4.4%. A surplus of 72 billion rubles. Mostly it will go to payments on external debt.