Union State budget is a budget of development

n 2013 Russia and Belarus are to implement joint projects in the field of high technology, telecommunications, aerospace and other areas ca 2 billion rubles worth, said Russian President Vladimir Putin at the meeting of the Supreme State Council of the Union State.

n 2013 Russia and Belarus are to implement joint projects in the field of high technology, telecommunications, aerospace and other areas ca 2 billion rubles worth, said Russian President Vladimir Putin at the meeting of the Supreme State Council of the Union State.

Vladimir Putin also spoke about Union budget allocation in 2013. “The funds are kept at a generous level – about 5 billion Russian rubles. These means will be used to finance 38 joint programmes in the field of high technology, telecommunications, aerospace and pharmaceutics. It is a budget for development; it can increase the competitiveness of Russian and Belarusian economies. The money will go on promising programmes in the field of scientific and technical cooperation. Over 40% of the budget will be spent on them,” said the Russian leader.

According to him, almost 20% of the budget will be spent on the activities in such areas as education, culture, health and sports. “The most significant social programmes are to be financed – health resort treatment of veterans and invalids of the Great Patriotic War as well as Belarusian and Russian children from the areas affected by the Chernobyl disaster,” said Vladimir Putin.

The Russian president also pointed out that “in 2012 the turnover reached a record level of $ 43.8 billion. If this positive trend continues, we’ll be able to achieve a turnover of $ 50 billion”.