Wednesday, February 24, 2016

Media: Finance Ministry proposes to cut spending to support the economy plan to 120 billion rubles – TASS

MOSCOW, February 24. / TASS /. Of necessary to support the plan for the economy 250 billion rubles, the government has only 120 billion rubles crisis fund, the newspaper “ Kommersant “with reference to the letter from the Minister of Finance Anton Siluanov.

according to the publication, the Ministry of Finance states that in fact now in the government’s anti-crisis fund has 65 billion rubles (according to the budget law). Another about 55 billion rubles, it can appear in April -.. When the federal treasury will direct the fund unclaimed balances the budget-2015

Only the 120 billion rubles, wrote Siluanov, the government can distribute without budget changes for this year whereas its decisions already allocated 35 billion rubles from the crisis fund. Overall, the plan takes into account the costs of the Fund 170.7 billion rubles

The Ministry of Finance proposes a way to solve the problem:. On the instructions of the president of the government has the right to spend in 2016 to 342.2 billion rubles, in fact from the presidential reserve. However, it is clear that the government would have to prove to the president that the turnaround plan is more important, says “Kommersant”.

As a result, the Minister proposes to reduce the cost of anti-crisis fund to 120 billion rubles, and this list should be included and costs decisions already taken related to the Crimea and Ukraine, to 17.1 billion rubles. The president is the head of the Ministry of Finance proposes to ask not 203 billion rubles (the total amount of the plan proposals that do not fit into the anti-crisis fund), and up to 130 billion rubles.

As a result of the Ministry of Finance assumes preservation fund engineering, large-scale reduction of crisis Ministry of Health spending (from 45.8 billion rubles to 13 billion rubles), and support for exports through VEB, Eximbank of Russia and the Russian export center (from 25.3 billion to 9 billion rubles). Siluanov also finds it impossible to subsidize loans to industrial enterprises of 10 billion rubles and industrial engineering support ( “support for the creation of new models”) to 21 billion rubles. The Finance Ministry insists on the establishment of a reserve to 34.9 billion rubles for unforeseen expenses

In parallel, the finance ministry criticized and non-monetary part of the plan did not provide for direct financing, -. Minister says that at least a third of them will lead to losses of the budget system. This applies mainly to the new tax breaks.

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