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Russia's Finance Ministry allows increasing the budget financing of the infrastructure by reviewing other, inefficient budget spending, Finance Minister Anton Siluanov.
8 February 2013, Friday
Russia's Finance Ministry allows increasing the budget financing of the infrastructure by reviewing other, inefficient budget spending, Finance Minister Anton Siluanov.
Finance Minister encouraged the Government not to go back to the debate about what should be inviolable amount of the Reserve Fund: Finance Ministry insists on acting 7% of GDP, but the Ministry of Economic Development proposes to reduce it to 5% of GDP, and oil and gas revenues in excess of this value in the direct financing of infrastructure projects in Russia.
Moscow, Prime
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