Russian senator sees no budget threat in 2015

Russian senator sees no budget threat in 2015

Sergey Batin, a member of the Federation Council Committee for Budget and Financial Markets, an official of the executive power of Tatarstan, visited Vestnik Kavkaza today. He has described the most sensitive moments of the modern Russian economy. The senator said that the budget of 2015 will be fully realized. The republic needs to monitor all sources of income of the budget online, in his words. 


Batin believes that the government has already helped the banking sector enough and it is time to focus on the real sector of the economy. A federal law was adopted to support banks by transferring 1 trillion rubles through the Deposit Insurance Agency. The key rate remains very high, the senator assumes, and manufacturers have serious ordeals and fears. Batin wants the government to pay more attention to engineering. He said that prices for metal were rising without reason and the Federal Anti-Monopoly Service had a lot to do to stabilize the sector. 

The senator noted that the rate of loans for agricultural enterprises and industrialists should be either reduced or compensated to encourage them to make business plans. He also wants to pay extra attention to small and medium-scale business in Russia. Batin mentioned such initiatives as ease of inspections, grants and bank assistance. 

Batin advocates support for citizens who received loans in foreign currency. He said that the population was not properly educated in economics. He posited that banks offer services without explaining the possible risks.

Sergey Batin, a member of the Federation Council Committee for Budget and Financial Markets, an official of the executive power of Tatarstan, has visited Vestnik Kavkaza today. He has described the most sensitive moments of the modern Russian economy. The senator said that the budget of 2015 will be fully realized. The republic needs to monitor all sources of income of the budget online, in his words.Batin believes that the government has already helped the banking sector enough and its is time to focus on the real sector of the economy. A federal law was adopted to support banks by transferring 1 trillion rubles through the Deposit Insurance Agency. They key rate remains very high, the senator assumes, an manufacturers have serious ordeals and fears. Batin wants the government to pay more attention to engineering. He said that prices for metal were rising without a reason and the Federal Anti-Monopoly Service had a lot to do to stabilize the sector.The senator noted that the rate of loans for agricultural enterprises and industrialists should be either reduced or compensated to encourage them to make business plans. He also wants to pay extra attention to small and medium-scale business in Russia. Batin mentioned such initiatives as ease of inspections, grants, bank assistance.Batin advocates support for citizens who received loans in foreign currency. He said that the population was not properly educated in economy. In hiss words, banks offer services without explaining possible ri
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