Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Budget Expenditures Will Be Reduced
14.02.2015 10:47
Budget Expenditures Will Be Reduced

The Ministry of Finance wants to reduce budget expenditures by an additional 600 billion roubles, according to TASS.

      According to the Finance Minister Anton Siluanov, it is a compulsory measure.

      In addition, the government has plans to reject certain investment projects and reduce the financing of the already existing articles. “In order to reach a 5 per cent reduction of budget expenditures in real terms, we need to cut down another 600 billion roubles” – Siluanov said. He also noted that this figure is an addition to the planned 10% reduction in the budget by 900 billion roubles. The Minister also shared the plans to cut 50% of financing of a number of old investment projects and to give up some new ones. “We have a number of measures to consider this week and to offer them as amendments to the budget for 2015” - TASS quotes the words of the Finance Minister. In January of this year Anton Siluanov, speaking at the Gaidar Forum, announced the need to cut down government expenditures by 10% on all articles, except protected ones.


Author: Anna Dorozhkina

Tags: budget economic crisis    

Next Previous

You might also find interesting:

Digital Profile - the Platform for Collection of Data of Russian Citizens
The Volume of Consumer Loans Issued has Reached its Historic Peak in Russia
A Bill on the Transfer of Information on the Status of Customer Service to Banks has been Introduced to the State Duma
The Number of Employed Russians Fell Sharply
The Rate of Poverty in Russia Remains High

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Roscomnadzor  Ural   Chukotka  Red Square  Sergey Mikhalkov  biology  Russian government  Exhibitions in Moscow  Russian courts  Pulkovo Observatory  Photo Exhibitions  Stockmann  Russian opposition activists  Economic Forum  St. Petersburg  Novosibirsk  Skopin  Russian painters  accommodation in Yekaterinburg  Mercedes-Benz Fashion Week Russia  Russain gas companies   Platon Lebedev  Russian Cinema  Russian economy  KHL  Russian Railways  Saint Petersburg Theaters  Murmansk Museums  Moscow  organic chemistry  Festivals in Moscow  T-50  Varya Panina  Russian tourism  Russian regions  Priamurie  Russian football  Museums of Russia  Russia Travel Tips  medicine  travel to Russia  Russian business  Russian Film Directors  Konstantin Khabensky  Astrakhan  Stanislavsky Electrotheater  Life Saving  Flahertiana  Rurik  Innovations 

Travel Blogs
Top Traveling Sites