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2007 budget to focus on social policy, national economy - Zhukov

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A draft federal budget for 2007 projects a considerable increase in government expenditures on the social sphere and the national economy, Deputy Prime Minister Alexander Zhukov said Sunday.
MOSCOW, August 27 (RIA Novosti) - A draft federal budget for 2007 projects a considerable increase in government expenditures on the social sphere and the national economy, Deputy Prime Minister Alexander Zhukov said Sunday.

The government submitted the draft federal budget for 2007 to the State Duma Saturday.

"The 2007 budget differs considerably from the budgets of the previous years: its expenditures exceed the 2006 budget spending by more than 1,000 billion rubles (about $37 billion) or by one-fourth," Zhukov said. "These additional funds will be used to increase the budget's social spending and expenditures on the national economy."

Zhukov said the government's social spending in 2007 involved larger expenditures on national priority projects.

"The financing of the national project on health will be increased almost 70% in 2007 to more than 100 billion rubles (about $3.7 billion), the financing of the project on education will be raised 66% and on the construction of affordable housing more than 30%," Zhukov said.

Zhukov said the government intended to raise the wages of public workers 15% and pensions more than 20% in 2007. He also said the money allowance of servicemen would be increased 15% at the start of next year and 11% at the end of 2007, while student stipends would be increased 50% from September 1, 2007.

Zhukov also said the draft federal budget for 2007 projected a considerable increase in spending on the national economy. In particular, the government would increase budget spending on the development of infrastructure. In the first place, funds would go to finance road construction and the development of the power sector, he said.

Zhukov said large projects would be launched next year to develop the power sector, including nuclear, hydro and thermal power stations.

The deputy prime minister also said Russia's investment fund, established to finance large-scale infrastructure projects, would total more than 100 billion rubles (abut $3.7 billion) in 2007.

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