Wednesday, February 24, 2016

Siluanov warned the government about the lack of funds for the anti-crisis plan – Forbes Russia

The Minister of Finance Anton Siluanov has sent a letter to Prime Minister Dmitry Medvedev with his own comments to the government anti-crisis plan for 2016, which indicate that the funds for the execution of anti-crisis plan is much smaller than the plans to distribute the White House, says “Kommersant” newspaper.

in a letter Siluanov said that the White house, distributing funds crisis fund for 2016 in the amount of up to 250 billion rubles, did not realize that in fact at its disposal a much smaller amount. Now according to the law on the budget of the government anti-crisis plan to have 65 billion rubles. Another 55 billion rubles may appear in April at a time when the federal treasury will send to the unclaimed remains of 2015, the budget, the Fund.

According to Siluanov, only the 120 billion rubles, the White House can distribute without changes of the budget for 2016 year, while its decisions already allocated 35 billion rubles of anti-crisis fund in terms of total costs accounted for from the fund at 170.7 billion rubles

The Minister suggested that a way to solve the problem:. on the instructions of President Vladimir Putin, the White house has the right to spend in 2016 to 342.2 billion rubles, in fact from the presidential reserve. As the newspaper notes, it is clear that Putin has his plans for the money, and the government needs to prove to the president that the important anti-crisis plan. As a result, Siluanov proposed to reduce the cost of anti-crisis fund to 120 billion rubles, and this list is to make the cost of decisions already taken related to the Crimea and Ukraine, to 17.1 billion rubles. Siluanov also proposes to ask Mr. Putin is not the full amount of the plan proposals that do not fit into the anti-crisis fund, in the amount of 203 billion rubles and 130 billion rubles.

As a result, Siluanov suggests conservation finance engineering, large-scale reduction of crisis Ministry of Health spending from 45.8 billion rubles to 13 billion rubles and support exports through VEB, and the Russian export Roseskimbank center from 25.3 billion to 9 billion rubles. In addition, the Minister considers it impossible to subsidize loans for industrial enterprises by 10 billion rubles and support of industrial engineering at 21 billion rubles. Siluanov also insists on the creation of a reserve in the 34.9 billion rubles for unforeseen expenses.

The final note of the document deals with the first Deputy Prime Minister Igor Shuvalov. January 28 Ulyukayev said that the plan of anti-crisis measures, prepared by the Office, includes the cost of 750 billion rubles, while nezabyudzhetirovannaya part is about 210 billion rubles of funds from the anti-crisis fund.

February 15 the newspaper “Kommersant” wrote that The Ministry of Finance will prepare a plan for the mobilization of revenues in parallel with the anti-crisis plan. It is about creating a “roadmap” for budget administration until the end of 2016. The major innovations are made to close the tax optimization opportunities in the reorganization of groups of companies to set prices on immediately paid the fines, to prohibit the elimination of the legal person in which relation customs inspection, enter the right of collection debiting the Federal Customs Service (FCS) on duty debt, for example through an employer (ie a deduction from wages). In addition, the Ministry of Finance will ask the veto to new concessions on taxes and duties provided by the government, and the creation of a registry of debts to the state.

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