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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    

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