NEWS

The Ministry of Finance will use Russia's ratings in the selection of banks for the placement of funds of state companies, the Ministry of Finance proposals have been sent to the government, said Finance Minister Anton Siluanov at the congress of the ARB.

The Finance Ministry does not aim to develop a new fiscal rule, which determines the level of marginal costs, so that on this basis it was possible to plan for the federal budget for 2017, he told reporters Deputy Finance Minister Maxim Oreshkin.

Net capital outflow from Russia in the first quarter may be as low as 3% of GDP or less, says Deputy Finance Minister Maxim Oreshkin.

"Even I think less than 3% of GDP", - he told reporters.

Russia's Finance Ministry sees no risk of complete exhaustion of the Reserve fund of the country in 2016, said Deputy Finance Minister Maxim Oreshkin.

The Russian economy has already experienced the shock of peak balance of payments adjustment to new conditions, primarily on the commodity markets. This was said by Deputy Finance Minister Maxim Oreshkin during a public lecture at the Higher School of Economics."There are risks, but the worst thing for the Russian economy in terms of adaptation to the new conditions behind", - said Oreshkin.

Tatarstan Prime Minister Ildar Khalikov held a meeting "On protecting the rights and freedoms of citizen in the framework of the review of the notification in the state information system " People's control".

"People's control" notifications increased  by 71 percent in the 1 st. quarter of 2016 compared to the same period in 2015. This data was presented today at a meeting of the Government.

The Ministry of Finance of the Republic of Tatarstan, March 30, 2016 held a meeting with heads of financial bodies of municipal districts and urban districts on execution of local budgets in January-February 2016 and the expected execution of local budgets in March 2016.

On March 30, at Tatarstan Government House, Tatarstan Prime Minister Ildar Khalikov hold a meeting of an interagency working group on improving quality and availability of providing public services electronically and on implementing the Open Tatarstan project in the republic.

On March 24, Tatarstan President Rustam Minnikhanov and First Deputy Chairman of Central Bank of Russia Alexey Simanovsky took part in the 3d session of the working group on partner banking.

On March 23, in Kazan Tatarstan President Rustam Minnikhanov chaired a regular board meeting of the Tatneft Oil Company.