ASIABUSINESSEUROPE

EEU budget 2015 to exceed RUB 6.6bn

A session of the Supreme Eurasian Economic Council
A session of the Supreme Eurasian Economic Council

The budget of the Eurasian Economic Union in 2015 is expected to make up RUB6,638,604.8 billion. The sum has been defined by the draft budget approved by the Board of the Eurasian Economic Commission (EEC). The text of the document is available on the EEC website.

The EEU budget revenues will be formed from the contributions of the member states. Thus, Belarus will allocate RUB312,014.4 million, Kazakhstan – RUB486,609.7 million, Russia – RUB5,839,980.7 billion.

Following the decision of the Supreme Eurasian Economic Council, Russia’s contribution will include RUB553.925.1 million accumulated on the EEC accounts as of 1 January 2014, BelTA reports.

A total of RUB6,348,272.7 billion will be allocated for the activity of the Eurasian Economic Commission in 2015. Some RUB463.208 million of it is envisaged for financing the operation and further development of the EEU integrated information system. According to the draft budget, these funds cannot be redistributed to finance other events.

The draft budget stipulates a total of RUB290,332.1 million to finance the activity of the Court of the Eurasian Economic Union.

The EEU draft budget should be approved by the EEC Council and confirmed by the Supreme Eurasian Economic Council.

Source: Kazinform

Tags
Show More

Foreign Policy News

Foreign Policy News is a self-financed initiative providing a venue and forum for political analysts and experts to disseminate analysis of major political and business-related events in the world, shed light on particulars of U.S. foreign policy from the perspective of foreign media and present alternative overview on current events affecting the international relations.

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker