Saturday, February 27, 2016

Government asks for 130 billion rubles. pension money out of the crisis – RBC

Russian Finance Minister Anton Siluanov Photo: Stanislav Krasilnikov / TASS

The Russian government will ask for the implementation of anti-crisis plan of about 130 billion rubles. from the presidential reserve, Finance Minister Anton Siluanov said. This fund is formed by freezing pension savings

Tools presidential reserve can be spent on behalf of the president and the government, in this case provided for the formation of the fund in the amount of 342 billion rubles in budget 2016. due to the freezing of pension savings.

«We have, in accordance with the budget provided for expenditure of 342 billion rubles. on behalf of the president. In general, the Russian government anti-crisis plan of defined – up to 250 billion rubles. To fund this amount, we will need to appeal to the President and to obtain consent for the waste parts of the reserve – about 130 billion rubles. “, – Said Anton Siluanov to reporters Saturday (quoted by” Interfax »).

« We appealed to the President with a request “, – the minister added

in the budget for 2016 includes a provision on the establishment of a fund in the amount of 342.2 billion rubles.. These means are formed by the freezing of pension savings in 2016. They can be spent on the instructions of the president and government.

«Kommersant” reported on February 24 about the letter head of the Ministry of Finance to the Prime Minister Dmitry Medvedev. It Siluanov said about the lack of funds for the execution of the anti-crisis plan. He recalled that, of the 250 billion rubles. funds for the execution of the anti-crisis plan of the government in the anti-crisis fund is only 120 billion rubles. Finance Minister stated that the Government is actually now the fund has 65 billion rubles. Another about 55 billion rubles. it may appear in April, when the Federal Treasury to send unclaimed balances the budget-2015. Siluanov reminded the government the right to spend in 2016 to 342.2 billion rubles. from the presidential reserve.

On the same day, addressing an extended meeting of the board of the Federal Treasury of the Finance Minister said that the current situation is much different from the crises of 1998 and 2008-2009. “The situation is long-term. We see that these bounces from the point of view of improving the balance of payments, as it did in previous difficult times, we do not expect. Therefore, we are preparing for long-term operation in the current circumstances “, – said Siluanov (quoted by TASS).

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