«I remember there was a big discussion, the Finance Ministry criticized that the Ministry of Finance all adds up in a jug. Now, perhaps, somehow overestimated those critics of his remarks. Because it is due to the fact that we have invested in oil and gas revenues is highly liquid securities of foreign countries, even low-yielding, but highly, we thus have saved those revenues are received “, – said Anton Siluanov in an interview with RBC.
“Because, firstly, due to changes in exchange rate in rubles, we got much more than if invested in some ruble instruments. Secondly, from the ruble instruments still need to get out. Suppose, NWF, if we need money, we can not get out of the projects in which we have invested, it’s – infrastructure projects. These are projects that will return in just a few years, this investment long, we are unable to get out. Therefore, investments in foreign marketable assets – it was absolutely the right decision »
Earlier on Friday at a business breakfast of Sberbank Ulyukayev said that the accumulation of reserves -. It is the result of” poor quality of public administration. ” “When the public administration system of poor quality, so as not to offend inefficient spending, you take away and somewhere to hide in salt away the funds”, – he said
MED Head also said that we need “a correct budget”. which will be focused on development, “which says: let’s remove from the market the money, because we do not believe that the market will be able to properly dispose of the money. & Lt; … & gt; We believe that we – the owners of intimate knowledge and indicate oil and gas sector, the financial sector are the directions in which to work. I think we have such intimate knowledge no “, – said the minister
The exclusive interview of the Minister of Finance Anton Siluanov
Video: RBC
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