Wednesday, April 15, 2009

Kudrin demanded to reduce budget expenditures-2010.

Expenditure Budget for 2010 should be reduced to the previously planned 10.3 trillion rubles to nine trillion rubles. The statement was made Vice-Premier and Minister of Finance of Russia Alexey Kudrin. His words RIA News. Due to what the budget will be reduced costs, Kudrin did not specify.
According to the Ministry of Finance, the country's income will decrease by approximately 30 per cent - by the same amount as in 2009. Budget 2010 once again, as in the current year, will be scarce.
Recall that it is now in the State Duma the draft budget for 2009, which requires a budget deficit of up to eight per cent of GDP. According to a new version of the main financial document of the country, Russia will cost 9.7 trillion rubles, and revenue - 6.7 trillion rubles. The budget deficit will be met from the Contingency Fund.
If the budget for 2010 will be adopted with the expenditure of nine trillion rubles, this would mean that the government will be forced to make a significant reduction in federal programs as compared to the year 2009. According to government forecasts, inflation in the country this year will amount to more than 13 per cent - it is so devalued rubles in 2010 compared to 2009 rubles on.
Budget revenues in 2009 Russia began to decline due to falling oil prices on world markets, as well as the economic slowdown in Russia, which has led to a reduction in tax revenue.
Russia in recent years, has no budget for one year, and once by three. But in a crisis officials decided to abandon this practice.

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