Ministry of Finance by the end of the year will develop a long-term fiscal strategy

1 October 2013, Tuesday
Ministry of Finance by the end of the year will develop a long-term fiscal strategy (until 2030). This news was reported today by the Minister of Finance Anton Siluanov, speaking at an investment forum "Russia Calling". "By the end of the year we will do long-term fiscal strategy until 2030, which will clearly show us where we have risks and where we need to minimize the costs and where we should create insurance mechanisms. Investors using this long-term strategy in 2013, will be able to draw objective conclusions" - said Anton Siluanov. 
Minister of Finance drew attention to the fact that Russia maintains a conservative fiscal policy, which ensures the stability of the budget system and minimizes risks. "We reduce the deficit, we do not increase the debt, we're not going to the markets and sweeping away the liquidity or external borrowing."
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