Budget of Russia-Belarus state to stay at 2010 level - Putin

MOSCOW, October 28 (Itar-Tass) -- The Council of Ministers of the Russia-Belarus Union State has considered and approved of the basic parameters of the 2010 budget.

"Despite the commonly known problems we found the opportunities to maintain the contributions to the treasury of the Union State at the current level," Deputy Prime Minister Vladimir Putin told the media after a meeting of the Cabinet on Wednesday.

This year the Union State's budget stood at 4.87 billion Russian rubles. Russia contributed 65 percent, and Belarus, 35 percent.

As Putin said, the two sides were going to achieve greater effectiveness of spending on joint programs.

First and foremost, he added, this applies to high technology projects that are called to ensure the transition our economies to the innovative track.

Wednesday's talks paid special attention to further cooperation in foreign policy, defenses and the security of the Union State.

In general, the Russian prime minister welcomed the results of the joint Cabinet's meeting.

His Belarussian counterpart Sergei Sidorsky expressed the hope joint efforts by Russia and Belarus and the achieved agreements would give an impetus to restoring bilateral trade growth rates.

"Today we considered in detail progress in the implementation of the joint action plan for the emergence from the crisis. Our high level experts assessed positively the measures taken so far with the aim to better the situation to the maximum extent and to raise our bilateral trade still further," Sidorsky said.



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