Sports minister says RUSADA doping inspectors started testing athletesSport July 25, 17:25
Arctic shelf development tops agenda of Murmansk international business weekBusiness & Economy July 25, 17:08
Trump backs investigation into Kiev’s meddling attempts to sabotage his election campaignWorld July 25, 16:57
Erdogan announces deal with Russia on S-400 air defense missile systemsMilitary & Defense July 25, 16:16
Austria concerned about US attempts to achieve own economic ambitions via Russia sanctionsBusiness & Economy July 25, 15:41
Russia may appeal ECHR’s decision on compensation for defendant in Nemtsov murder caseSociety & Culture July 25, 15:23
Moldovan president, Russian envoy to hash over bilateral ties and breakaway TransnistriaRussian Politics & Diplomacy July 25, 14:43
US will either have to put up with North Korea’s nuclear weapons or use force — expertWorld July 25, 14:33
Kremlin refrains from comments on media allegations about Tillerson’s possible resignationRussian Politics & Diplomacy July 25, 14:03
MOSCOW, September 28 (Itar-Tass) —— The entire team of the Ministry of Finance is aimed at fulfilling all the plans contained in the three-year budget and approved by the government, acting Finance Minister Anton Siluanov told the media on Wednesday.
"Fiscal policies are determined by decisions of the government and the Russian president, so we, the Ministry of Finance, will implement them. Our entire team is focused on the task the plans contained in the three-year budget, the plans that were discussed by the government and approved by the president, should be performed," he said. Siluanov recalled that in 2015 "we should achieve a zero deficit budget."
As he answered questions, the acting finance minister said that the increase in budget expenditures might create additional risks, so the policy of the ministry was to ensure macroeconomic stability and fiscal balance.
"We should not increase costs without corresponding revenue sources," he said.
According to Siluanov, the risks include "as always, the current prices of crude oil and petroleum products."
He recalled that the budget of 2012 relied on "quite realistic" forecast oil prices, but unfortunately they were volatile. That is why, Siluanov said, if the price environment in the future gets worse, the Finance Ministry will seek measures to keep the budget in balance. Asked if a tax increase might be such a measure, Siluanov said, "Tax rises can be used only as a last resort, it is not the best proposal."
He added that the Finance Ministry did not intend to prepare any proposals for a tax increase in the near future.