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state budget of Russia

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Will government's participation in financial market to be increased?

Will government's participation in financial market to be increased?

Russian Finance Minister Anton Siluanov, speaking at the International Financial Congress in St. Petersburg, has urged increasing the degree of the state participation in the national financial market. "Even with the reduction of the budget deficit we will need to significantly increase the state participation in the financial market," he noted. The Finance Minister added that the availability of reserves is compulsory for implementation of budget policy.

Medvedev urges to change tax system in the Russian Federation

Medvedev urges to change tax system in the Russian Federation

Russian Prime Minister Dmitry Medvedev said that it is necessary to re-write the tax system in Russia in such a way that it can raise the money in the budget and also stimulate the creation of promising competitive products and …

Ulyukayev: Russia can meet 3% GDP budget deficit in 2016

Ulyukayev: Russia can meet 3% GDP budget deficit in 2016

The Russian government can meet the budget deficit of 3% of GDP (a target for 2016) if a number of conditions is met, Russian Economic Development Minister Alexey Ulyukayev told reporters at a briefing at the forum of ASEAN, Tass …

Budget for 2017 will be more complex, Siluanov says

Budget for 2017 will be more complex, Siluanov says

Russian Finance Minister Anton Siluanov spoke about the work on preparation of the state budget for 2017. "We will deal with it a little later. It will be complex, much more complex than this …

Siluanov does not expect serious changes in ruble rate

Siluanov does not expect serious changes in ruble rate

Russian Finance Minister Anton Siluanov does not expect significant changes in ruble rate in the current situation. "I think that in the current conditions the balance that occurred won’t be changing …

Siluanov predicts ruble will be stable for three years

Siluanov predicts ruble will be stable for three years

If the oil prices will stay at the level of $40 per barrel, the ruble exchange rate in the next three years will remain stable, the Russian Finance Minister Anton Siluanov stated during "Vesti on Saturday with Sergey …

Medvedev reports on the government's work over the year

Medvedev reports on the government's work over the year

Today, Russian Prime Minister Dmitry Medvedev presented his report on the work of the government over the past year in the State Duma. Prime Minister noted that during this period, the country's economy faced many …

Will Russia form three-year budget again?

Will Russia form three-year budget again?

The Russian government is returning to three-year budget planning. According to the Kommersant newspaper, on February 26 the Cabinet of Ministers on behalf of the First Deputy Prime Minister Igor Shuvalov addressed …

Golikova: government goes into standby mode

Golikova: government goes into standby mode

The past year has been wasted to change the structure of budget expenditures, and at the beginning of this year the authorities have gone into 'standby mode', which prevents development of the economy, the head of the Accounts Chamber ...

Ministry of Energy: Nobody will endure $20 per barrel of oil

Ministry of Energy: Nobody will endure $20 per barrel of oil

First Deputy Energy Minister of Russia Alexey Teksler announced oil prices today that are to become really critical for the Russian oil companies. "Companies will endure at the moment, they will only cease to make investments, …

Matviyenko: thoughtless budget cuts unacceptable

Matviyenko: thoughtless budget cuts unacceptable

The speaker of Russia’s Federation Council, Valentina Matviyenko, said that mechanical budget cuts are unacceptable and proposes not to hurry with the adjustment till the end of the first quarter. "The …

Kudrin predicts budget deficit for 2016

Kudrin predicts budget deficit for 2016

Former Russian Finance Minister Alexey Kudrin has announced his forecast for Russia's budget deficit for 2016 on the sidelines of the Davos forum. "With the oil price of $30 per barrel the budget deficit will …

Naryshkin: Crisis should be used for further growth

Naryshkin: Crisis should be used for further growth

The deputies of the State Duma of the sixth convocation must create a legal framework that will be the basis for future economic growth, the chairman of the lower house of parliament Sergey Naryshkin stated during the …

Zhukov doesn't expect catastrophic changes in Russian economy

Zhukov doesn't expect catastrophic changes in Russian economy

A repetition of the hyperinflation in 1998 is impossible now, since the situation in Russia is radically different from the old reality, the First Deputy Chairman of the Russian State Duma, Alexander Zhukov, said at the Gaidar …