Russian Ministry of Finance

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Draft budget submitted to Russia's State Duma

Russian Finance Minister Anton Siluanov has presented a draft budget for 2017 and the planned period of 2018-2019 at the plenary session of the State Duma. According to the draft, budget revenues will be 13.487 trillion …

Draft budget submitted to Russia's State Duma

Russian State Duma amendments budget

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. …

Russian State Duma amendments budget

Russia's Cabinet to fill budget at expense of employers

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 …

Russia's Cabinet to fill budget at expense of employers

Russia's budget to remain social

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 budget to remain social

Russian Finance Ministry preparing 'tax winter'

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', …

Russian Finance Ministry preparing 'tax winter'

Siluanov warns of wider budget deficit

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 …

Siluanov warns of wider budget deficit

Kudrin: we should postpone presidential ‘May decrees’

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 …

Kudrin: we should postpone presidential ‘May decrees’

New oil tax system can be introduced in Russia in 2017

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 …

New oil tax system can be introduced in Russia in 2017

New pension system being developed in Russia

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. …

New pension system being developed in Russia

Russian Finance Ministry: 2017 inflation may reach 4%

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 …

Russian Finance Ministry: 2017 inflation may reach 4%

Will state begin to control expenses of Russians?

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 …

Will state begin to control expenses of Russians?

IMF improves outlook on Russia's economy

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 …

IMF improves outlook on Russia's economy

Russia to decide on credit provision for Iran this week

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. …

 Russia to decide on credit provision for Iran this week

Pros and cons of 'frozen' budget

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 …

Pros and cons of 'frozen' budget

Russian Finance Ministry promises not to raise taxes

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 …

 Russian Finance Ministry promises not to raise taxes
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