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Finance Ministry to work on making state debt management more efficient

It was planned that the Russian Financial Agency will be engaged in state debt management, but Putin offered to consider other options

STRELNA, September 5 (Itar-Tass) - The Russian Finance Ministry will work on making the state debt management more efficient instead of the Russian Financial Agency, Deputy Finance Minister Sergei Storchak said on Thursday.

“In the way that we offered we cannot remedy the situation (with the Russian Financial Agency),” he told reporters on the sidelines of the G20 summit in St. Petersburg. “But the problem of making the state management more efficient is not solved yet,” he said.

“We will offer something new,” the Deputy Finance Minister noted.

It was planned that the Russian Financial Agency will be engaged in the management of the state debt and state funds, but Russian President Vladimir Putin offered in a budget policy address on June 13, 2013, to consider other options to the creation of this agency. Thus, the Finance Ministry will continue to work on the state debt management.

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