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Minister of Finance mentions five main measures to cut budget expenditures in 2016-2017

April 14, 2015, 14:56 UTC+3 MOSCOW MOSCOW April, 14. /TASS
The rollback of one-off anti-crisis activities of this year, primarily in terms of the employment support and optimization of expenditures and the government staff numbers are among them
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Russia’s Minister of Finance Anton Siluanov

Russia’s Minister of Finance Anton Siluanov

© Yekaterina Shtukina/Russian government's press service/TASS

MOSCOW, April 14. /TASS/. The Ministry of Finance believes the rollback of the anti-crisis employment support in 2016-2017 is one of five important measures for optimization of the budget expenditures, Russia’s Minister of Finance Anton Siluanov said on Tuesday.

"What key areas for optimization of expenditures can be outlined? Firstly, the rollback of one-off anti-crisis activities of this year, primarily in terms of the employment support. Secondly, optimization of expenditures and the government staff numbers," the minister said. He also mentioned continuation of defense and security expenses’ determination based on the top-priority tasks of the national defense capability and actual budget opportunities, budget contraction of the so-called "pseudo-investment" expenses, subsidies and contributions to charter capitals of companies, and social expenditures cut as the proposed measures.

Expenses of social nature constitute the greatest share in the consolidated budget expenses’ structure. "A wide range of benefits of various nature is present in addition to expenses. Performance of the social support system remains low," the minister said.

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