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Minister of Finance: neither bank crisis nor default this autumn
21.09.2004 00:00

The Minister of Finance of RF Alexey Kudrin declares that there will occur neither bank crisis nor default in autumn 2004. The minister has expressed such opinion today on the NTV channel.
       According to him it is backed up with the current system of budget scheming and establishing of the fund for stabilization.
       Our stabilizing fund insures us against the possibility of default that happened in 1988, - stresses Mr. Kudrin.
       Besides, the minister of finance notes that for the recent four years the financing of the Federal Security Service has increased three times. Within the same period the financing of Ministry of Internal Affaires has grown 2,5 times.


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