Arab Today, arab today russia\s finance ministry considering 5 cut in federal budget spending
Last Updated : GMT 09:27:38
Arab Today, arab today
Arab Today, arab today

Russia\'s Finance Ministry considering 5% cut in federal budget spending

Arab Today, arab today

Arab Today, arab today Russia\'s Finance Ministry considering 5% cut in federal budget spending

Strelna - Itar-Tass

Russia’s Finance Ministry is considering a five-percent cut in spending outlays, Finance Minister Anton Siluanov told the Russia 24 TV channel on Thursday. “The Finance Ministry is considering a budget maneuver,” he said. “Expenditures in general will not be cut. Thus, in line with the budget rule, expenditures fixed in the three-year budget will not be lowered. With account of new goals and tasks, we are considering a budget maneuver through a straight-line cut of all expenditures but for obligatory ones, such as pensions or scholarships.” He added that the finance ministry suggested that spending be cut by five percent in practically all areas. “It will make it possible to raise a pool of funds that later will be spent on priority tasks set by the government,” he noted. On Wednesday, Russian President Vladimir Putin pledged that Russia’s federal budget would not be sequestered and tasked the government to set priorities for cutting expenditures. “Sequestration is a cut in all expenditures without exception by a fixed percentage, regardless of priorities,” he said. “Such things do happen from time to time in world economies and they are stemmed from some sharp changes in the economic situation and negative tendencies in the economy. This is not the situation we are in now. We have a slight growth on the previous year, anyway. But the problem is that we forecasted a bigger growth, and given a bigger growth, we forecasted bigger budget revenues. So, initially, we planned to spend more funds on various programs.” “Now, the forecast is somewhat different,” he noted. “The economy is growing but it is growing slower. So, we will have smaller revenues, hence, we should be more careful in spending. This is not a sequestration. But we will have to make another forecast of the economic development and, based on this forecast, based on the real state of things, to outlay spending and fix priorities. I think we will have to make some cuts. And it is a task for the government.”

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia\s finance ministry considering 5 cut in federal budget spending Arab Today, arab today russia\s finance ministry considering 5 cut in federal budget spending

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday