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Siluanov appreciative of 2013 budgetary strategy, fiscal regulation and G20 summit

December 26, 2013, 16:50 UTC+3 GORKY
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GORKY, December 26. /ITAR-TASS/. Russia's Finance Minister Anton Siluanov told journalists here on Thursday at the close of the government's meeting that he believes that the outgoing year 2013 was quite a good one for the Ministry and that the preparation of a budgetary strategy for a period ending in 2030 had become one of the main results.

"This will provide an opportunity to consider State resources and determine attitude to decisions which we must take, reconsider some decisions made and clearly define decisions on a changed scope of financing," the Minister said.

He cited as a positive result of the year the successful holding of activities within the framework of the G20 summit. "We coped with the task quite well," Siluanov maintains.

He recalled that within the scope of the G20 summit the sides managed to agree on a number of key positions, including efforts against tax evasions, the State debt problem, and budget deficit.

The Finance Minister mentioned it as yet another positive result of 2013 the work in the field of financial regulation. "We have also worked in a robust manner on financial regulation: the establishment of a single regulator, the putting things in order in the sector of financial institutions,' he recalled, adding that regional budgets were also fulfilled successfully. “The regions have met all their commitments and coped with implementing Presidential Decrees,” Siluanov emphasized.

He agreed with the opinion of his predecessor, Alexei Kudrin, that serious problems with regional budgets may arise in 2014. "This is absolutely correct. In the incoming year the problems of region will persist of course," Siluanov said.

In particular, he shared plans for augmenting the fund for the remuneration of labor of the public-sector workers by approximately 5%, whereas in 2013 the growth was about 12 percent. "Next year, it will be necessary for us to treat very attentively the monitoring of regional budgets performance," the Finance Minister is confident.

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