/ News
01.10.2024

Belarus-Russia Union State budget to rise 15 % in 2025

MOSCOW ( BelTA) – The Belarus-Russia Union State budget is planned to increase by 15 % in 2025, Chairman of the Standing Committee on Economic Policy of the House of Representatives of the National Assembly of Belarus Viktor Nikolaikin told the media in Moscow during a joint meeting of the commissions on the budget, taxes and financial market and on economic policy of the Parliamentary Assembly of the Union State of Belarus and Russia on 1 October, BelTA has learned.

“We have reached the final stage in our work on the Union State budget 2025. the budget is expected to rise by some 15 %, which is about RUB1 billion rubles,” Viktor Nikolaikin said.

According to him, the agenda of the meeting includes three blocks of issues. The first is related to the budget: in addition to considering the draft budget for the next year, the MPs are discussing the Union State budget performance in 2024, and the implementation by the Union State Standing Committee of the proposals of the control bodies of the two countries on the budget performance in 2022–2023.

The second block of issues comprises Union State programs. According to Viktor Nikolaikin, the planned increase in the budget comes with new promising programs. The MPs also took stock of the progress made in the implementation of the Union State program “Development, modernization and harmonization of regulatory, organizational, methodological, hardware and software support for the target application of space systems of the Earth remote sensing by Russia and Belarus” (Integration SG) and also the Union State program “Development of advanced basic technological processes for obtaining functional materials, structures, components and modules for high-performance photonics products in the Union State” (Component F).

The agenda of the meeting also includes the issue of organizing work on the implementation of the strategy of scientific and technological development of the Union State for the period up to 2035.