NEWS

The decision to allow regions to enter the sales tax has not been made, the proposal being discussed by the government. This was announced at a briefing by Finance Minister Anton Siluanov.

The Russian government on Thursday approved the main direction of fiscal policy and the basic parameters of the federal budget for 2015 and the planning period of 2016-2017, told the Finance Minister Anton Siluanov. Russia's budget deficit forecast for 2015 was reduced by more than half - to 328.4 billion (or 0.4% of GDP) from the planned 796.6 billion (1% of GDP).

The Russian government has approved the proposal of the Ministry of Finance to raise the income tax on individuals (personal income tax) on dividends from 9% to 13%, told reporters after a meeting of the government, Finance Minister Anton Siluanov.

Experts of Moody's Investors Service confirmed the credit rating of the Republic of Tatarstan at the level of Baa3 with a stable outlook. This is the evidence of that the region is able to "withstand moderate systemic pressure."

Republic of Tatarstan energy issues were discussed at the meeting of the Economic Council under the Cabinet of Ministers of the Republic of Tajikistan. Chaired a meeting of the President of Tatarstan Rustam Minnikhanov, the event was attended by Prime Minister Ildar Khalikov. Today energy is a basic sector of modern economies, Rustam Minnikhanov said, opening a meeting of the Economic Council. The country is working hard to modernize energy facilities, as well as commissioning of new capacities.

The Government will not pay VAT to finance public investment, said Finance Minister Anton Siluanov

The Finance Ministry plans to come back on the market at years 2015-2017 and attract foreign borrowings by $ 7 billion annually.

Ministry of Finance lowered estimate the federal budget deficit in 2015 to 1% of GDP laid down in the three-year budget to 0.4% of GDP.

The Finance Ministry has transferred the planned budget revenues from privatization of 19.5% of shares of "Rosneft" in 2015 from 2016.