Tuesday, August 2, 2016

The deputy head of the Ministry of Finance: The Russian economy is in the center of the storm – The Russian Times

Reserves in Russia may end up in a year, and then to state simply will have nothing to pay, said the representative of the Ministry of Finance.

The Russian economy is in the center of the storm . This was stated by First Deputy Finance Minister Tatyana Nesterenko, said at the forum “The territory of the senses.” According to her, without reforms reserves run out by the end of 2017, and state employees remain without salaries. However, she immediately hastened to reassure the audience: “If this is allowed to happen. But we do, of course, do not assume, even in my thoughts. ” Will the Ministry of Finance to seek sources of replenishment of the budget, “MK” asked the experts.

The lack of reforms in the Russian economy may lead to a waste of reserves to the end of 2017. This was the first deputy finance minister Tatiana Nesterenko said at the forum “The territory of the senses».

«If nothing changes, by the end of next year we will not have any reserves, no salaries to pay, we will have serious economic Problems. Public sector – our main internal call, “- said Nesterenko (quoted by TASS). However, she stressed that the government “even thought” do not allow such an outcome.

According to the deputy head of the Ministry of Finance, the current state of the Russian economy can be described as the “center of the storm.” “The center of the storm – is a state when all calms down. When all is quiet and looks well, but in fact we are already at the center “, – quotes its” RIA Novosti “. According to Nesterenko, politicians should make decisions that will allow this “center of the storm hard, but get out in a controlled manner»

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To reform Nesterenko include an increase in the working age population, labor efficiency, and increase the economic activity and mobility of citizens

«It is necessary by all means to increase the working age, -. Nesterenko said. -. To this should be targeted pension and social policy, education policy and social sphere »

The Deputy Minister said that in the period of high oil prices, when revenues from hydrocarbon exports “flowed” in the Russian budget, it was difficult to resist the temptation to start new projects, not to index pensions and salaries.

«Our economy is on such a scale, in what is now, does not meet those of our liabilities that we scored and that we are obliged to fulfill », – said Nesterenko

According to her, about 37% of the number of poor people in Russia -. this young family with two children. « The poorest in Russia, about 37% of the total number of poor people are young families who have two children, – she said. – They do not have shelter, they have not created anything »

« It is necessary to create conditions so that the poor were not young, -. Said Nesterenko. – It is necessary that the woman came out quickly to work, it needs kindergartens, etc. »

Nikita Isaev, director of the Institute of Contemporary Economics: ..

«Statement Tatiana Nesterenko – not an empty threat, but a real prospect that awaits us with you in case of rejection of any measures to find budget funding. Who is answerable for all reserve fund, from which the first half of 2016 have withdrawn 33% of its reserves. So in 2017 – quite a realistic assessment of when they finally run out. But more surprising – why only the deputy minister threatens that is at idle, and does not offer measures to fill the budget and for the conservation of stocks? From the fact that people become more aware of when to begin the even more serious problems, money in the treasury not increase. But resources to supplement the budget and carry out all social obligations have now. Implementation of procurement reform, which only goes from the budget of 6.6 trillion rubles, not counting the purchases carried out by state-owned companies, can give savings of up to 20%. Only this will allow to postpone the expenditure reserve fund by more than six months. We have huge amounts of money are not bringing a real benefit to the country. For example, in US bonds it invested $ 86 billion (almost 5.7 trillion rubles). The yield on these investments is minimal, good for economic development – virtually none.


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