Putin pleased with acting at Moscow's Maly drama theaterSociety & Culture March 23, 23:35
Former Russian MP killed in Kiev, killer dies in hospitalWorld March 23, 23:32
Russia's Channel One refuses to broadcast Samoilova's performance via satelliteSociety & Culture March 23, 21:52
Experts forecast Bank of Russia will keep key rate at 10%Business & Economy March 23, 21:13
Putin's aide explains why Russia has no fear of supplying S-400 systems to TurkeyRussian Politics & Diplomacy March 23, 20:42
British police identify Westminster attacker as Khalid MasoodWorld March 23, 20:03
Russia develops ‘grenade launcher-propelled’ reconnaissance droneMilitary & Defense March 23, 19:58
Ukraine forbids Russian Eurovision contestant to perform via satelliteWorld March 23, 19:35
Jehovah’s Witnesses in Russia suspended over extremismSociety & Culture March 23, 19:00
MOSCOW, March 20. /ITAR-TASS/. The Russian Federation will not raise taxes to 2018, nor will it lower the pre-planned budget expenses, Finance Minister Anton Siluanov said on Thursday.
“The government is not going in any case to lower the pre-planned budget expenses during the current three-year period,” he said.
“Nor shall we raise taxes to 2018,” he added.
Russia’s Finance Ministry hopes the key rate will return to 5.5%, if the market conditions are not getting worse, Minister said.
“If there are no major changes, we shall hope the Central Bank returns the key rate to the original position,” he stressed.
At the same time Russian Finance Ministry forecasts higher inflation rate in the second quarter of the year over weaker rouble and annual inflation rate is expected to be at 5-6%.
“Weaker rouble will affect price growth on imported products, but if there are no changes in current conditions, annual inflation rate will make 5-6%,” Siluanov stated.
“Weaker rouble exchange rate at the beginning of the year may spur up inflation in the second quarter,” the minister said.
According to him, the inflation rate should stabilise in the second half of 2014.