One of the laws introduces changes to the law “On the Federal Budget for 2009 and the Period 2010–2011” and makes provision for additional measures which aim to improve the situation in the finance sector and other areas of the economy, in particular a streamlining of the procedures by which state guarantees are given and financial measures taken to ensure the stability of the labour market. At the same time it does not change the parameters for income and expenditure in the federal budget.
The second law specifies the separate norms for the Russian Federation’s budget to allow the timely implementation of measures to support the financial market and related areas of the economy. In particular in relation to changes in the tax law it covers compensation for shortfall in incomes of the Russian Federation regions, lays out the how oil and gas companies contribute to the state budget, as well as the process by which state guarantees and subsidies are issued.