Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
MOSCOW, April 14. /TASS/. Russias should maintain a moderate debt burden, Prime Minister Dmitry Medvedev said at a meeting with the Finance Ministry.
"One of the stabilizing factors is a moderate debt burden. We have to maintain this competitive advantage, this opinion is shared by all analysts," he said. In particular it is important to boost investment and labor productivity. "Only then, with those tasks in mind, can we achieve economic growth in the mid-term perspective," Medvedev noted.
He also stressed the importance of boosting budget spending, quoting Benjamin Franklin: "Buy what thou hast no need of and ere long thou shalt sell thy necessities". So the Prime Minister says "Every ruble should be spent utmost effectively".
Even in the current difficult economic situation the Russian government should maintain a balanced budget and reserve, PM Dmitry Medvedev said.
"The Finance Ministry is responsible for implementing the state policy in the financial sector, the Ministry’s goals for the next year are connected to the effective implementation of this policy," Medvedev said.
Medvedev said that "ensuring the budget system stability and maintaining a sufficient level of fiscal reserves" was one of the main goals of the Finance Ministry for 2015. "Even in the current difficult situation we need to maintain balanced and stable budget, and timely respond to arising challenges and risks," the Prime Minister noted.