Meeting on economic issues

Taking part in the meeting were Prime Minister Mikhail Mishustin Mishustin MikhailPrime Minister of the Russian Federation, Chief of Staff of the Presidential Executive Office Anton Vaino Vaino AntonChief of Staff of the Presidential Executive Office, First Deputy Prime Minister Denis Manturov Manturov DenisFirst Deputy Prime Minister of the Government of the Russian Federation, Deputy Prime Minister - Chief of the Government Staff Dmitry Grigorenko Grigorenko DmitryDeputy Prime Minister of the Government of the Russian Federation - Chief of the Government Staff of the Russian Federation, deputy prime ministers Tatyana Golikova Golikova TatyanaDeputy Prime Minister of the Government of the Russian Federation, Alexander Novak Novak AlexanderDeputy Prime Minister of the Government of the Russian Federationand Marat Khusnullin Khusnullin MaratDeputy Prime Minister of the Government of the Russian Federation, Deputy Chief of Staff of the Presidential Executive Office Maxim Oreshkin Oreshkin MaximDeputy Chief of Staff of the Presidential Executive Office, Minister of Economic Development Maxim Reshetnikov Reshetnikov MaximMinister of Economic Development of the Russian Federation, Minister of Finance Anton Siluanov Siluanov AntonMinister of Finance of the Russian Federation, and Central Bank Governor Elvira Nabiullina Nabiullina ElviraGovernor of the Central Bank of the Russian Federation (Bank of Russia).

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President's opening remarks

President of Russia Vladimir Putin: Good afternoon, colleagues,

We continue to work on the draft federal budget for 2025 and the 2026-2027 planning period. We are discussing high-priority aspects of the country's main financial document, specific budgetary objectives and, of course, the macroeconomic conditions necessary for achieving these objectives.

We have already discussed economic policy guidelines until 2030, and we have identified systemic solutions and measures to strengthen the country's industrial, logistic and financial capabilities that directly influence the state of the budget, its formation and execution.

I suggest we devote today's meeting to specific practical steps to fill the draft federal budget with real content. For example, we will discuss its key revenues and expenditures.

Our priorities in terms of public expenses should, as before, include providing social support, strengthening the country's defence capability, integrating the regions of Donbass and Novorossiya, advancing technological development of Russia's economy and social services, expanding and consolidating infrastructure, modernising cities and towns, and improving living standards.

I would like to note that new national projects will be launched early next year to achieve tangible positive changes in all areas of life and to ensure Russia's long-term and sustainable development.

We need to allocate financial resources for their successful implementation and to include their required volume in the federal budget.

Strategic long-term decisions for finetuning the taxation system should come into play here. These are intended to make the system more equitable and effective. These changes will also take effect next year.

I would like to emphasise the importance of maintaining a responsible budgetary policy to confidently and consistently achieve national development goals. It is necessary to ensure a well-balanced federal budget and the entire system of state finances for the next three years and in the longer term.

I suggest we discuss all these issues in detail and work actively today.

Let us get down to work. Mr Siluanov has the floor. Please.

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