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Budget amendments for 2016 have passed their second reading in Russia’s State Duma. The draft amendments imply an increase of Russia’s 2016 federal budget deficit to 3 trillion rubles ($47.2 bln), or 3.7% of GDP. …
The insurance contribution rate will be increased to 30.8% in Russia from 2019. The corresponding decision was taken by the Russian government, the Economic Development Minister, Aleksey Ulyukayev, said. "I …
Prime Minister of the Russian Federation Dmitry Medvedev said at the meeting with President Vladimir Putin that the government deliberately based its budget for 2017-2019 on the oil price of $40 per …
Russia’s Finance Ministry expects non-oil and gas revenues to rise by almost 900 bln rubles ($14.2 bln) in 2016 owing to the purchase of Rosneft stake, the Russian Finance Minister Anton Siluanov said. "We …
Russian Finance Ministry will propose the government to maintain the rate of income and other taxes at current levels for the next few years, the department said in the draft of 'the main directions of tax policy for 2017-2019', …
The Russian Finance Ministry has prepared a draft 2016 budget with a deficit amounting to 3.034 trillion rubles, or 3.66% of the gross domestic product (GDP). Nominal spending was increased by 304 billion rubles to 16.403 trillion …
Russian Finance Minister Anton Siluanov warned at a conference in Sochi that the budget gap will be wider this year than earlier forecast, forcing Russia to step up the pace of domestic borrowing. The deficit may …
Presidential ‘May decrees’ on raising wages to public sector employees should be postponed, the head of the Center for Strategic Research (CSR) and ex-Finance Minister Alexey Kudrin said at the Sochi-2016 …
The Russian government will consider the Finance Ministry’s proposals on the tax policy directions for 2017-2019 on October 13, the Russian Deputy Finance Minister Ilya Trunin said. "This could be in …
Russian Finance Minister Anton Siluanov said at the Moscow Financial Forum that the Russian Central Bank and the Finance Ministry are jointly developing a new mechanism for voluntary contribution pension system. …
Russia will work with foreign banks on future debt issues after it "successfully" placed $1.25 billion worth of Eurobond top-up, the Russian Deputy Finance Minister Sergei Storchak said. Storchak said Russia …
Inflation in Russia is now more likely to hit the Central Bank's target of 4% in 2017 than it was previously expected, the Russian Deputy Finance Minister Maxim Oreshkin said. He also said that inflation …
The Russian Reserve Fund will be exhausted over the course of the next year, the budget deficit financing will start from the Russian National Wealth Fund, Deputy Finance Minister Alexei Lavrov told journalists on Friday, TASS …
The Russian Ministry of Finance and the Federal Tax Service (FTS) are discussing the possibility of introducing the control of massive expenditure among population, the Vedomosti newspaper reports with reference to federal officials that the idea …
The International Monetary Fund (IMF) has improved the outlook for the Russian economy. In April 2016, the IMF said that Russia’s economy could decline by an additional 1.8% this year, in May it improved its outlook on Russia’s GDP …
The decision on providing loans to Iran for implementation of two projects - railroad and electric power - will be made by the Russian government this week, the Russian Deputy Finance Minister Sergey Storchak said. …
The Russian Finance Ministry’s proposal to freeze the federal budget spending in nominal terms for 3 years was approved yesterday at a meeting with the Prime Minister Dmitry Medvedev. The ministry proposed to set the …
The UK decision to leave the European Union increased the volatility in the economy and this factor will be taken into account when deciding on the indexation of pensions in 2016, the Russian Deputy Finance Minister, Airat …
It will not be proper to change Russian taxation system in coming years, the Russian Finance Minister Anton Siluanov said. "We see the need of keeping tax sources and taxes existing to date. It will not be proper …
The minimum retail price for vodka in Russia increased by 5 rubles to 190 rubles for a bottle of 0,5 liters, according to the order of the …
