Sambo wrestling should become trademark of Russian sports — security officialSport August 18, 18:38
Iran may start oil supplies to Russia within monthBusiness & Economy August 18, 18:31
Nord Stream 2 project will be implemented despite sanctions — energy ministerBusiness & Economy August 18, 18:29
One killed in stabbing in Turku, FinlandWorld August 18, 18:15
Moscow and Ankara agree upon Turkish Stream landfallBusiness & Economy August 18, 18:11
Russia may lift agricultural restrictions from Turkey by October 20Business & Economy August 18, 18:04
Senior official says Kyrgyzstan is interested in military cooperation with RussiaWorld August 18, 18:03
US, NATO fail to help Afghanistan fight drugs — Foreign MinistryRussian Politics & Diplomacy August 18, 18:01
This week in photos: Barcelona terror attack, lightning in Moscow, volcanoes in KamchatkaSociety & Culture August 18, 17:59
MOSCOW, June 2. /TASS/. Tax burden in Russia tops 36% of GDP, the Finance Minister Anton Siluanov said at a presentation of the Main tax policy directions for 2016-2018 in Russia’s State Duma (lower house) on Tuesday.
"Tax burden in Russia is slightly higher than in the BRICS countries and some EAEU states though lower than in the European Union. Russia’s tax burden now tops around 36% of GDP," the Minister said.
It’s hardly possible to say whether Russia’s fiscal system is less competitive, Siluanov added. "The question of a lower tax burden is the question of a choice by the community between the expenditures volume we can afford and the tax burden volumes we define keeping in mind those obligations," he said.
Thus, according to Siluanov, social expenditures, including medical care, exceeds 16% of GDP in Russia while in Kazakhstan and the BRICS countries they equal to about 10% of GDP. Defense expenditures in Russia top 4% of GDP while in China they stand at around 2% of GDP and 1% of GDP in Kazakhstan.