MOSCOW (Reuters) – The Russian government has approved the budget for the period 2015 to 2017 and will establish a reserve fund of 190 billion rubles (3.8 billion euros) to the negative effects of Western sanctions catch. That was announced Thursday.
According to the Russian Finance Minister Anton Siloeanov the budget deficit over the next three years, come to a total of 0.6 percent of gross domestic product. The Government will not introduce VAT to boost tax revenue the minister said.
Stability
Prime Minister Dmitry Medvedev said that Russia will maintain economic stability and wants to guarantee the obligations of social spending will comply despite the budgetary pressures and weakening Russian economy. Blame low According to Medvedev, the main problem for the Russian economy, the uncertainty about the economy.
Russian President Vladimir Putin showed Thursday know that Western sanctions against his country the principles of the World Trade Organisation (WTO) violate. He indicated that the best way to fight the sanctions to develop the domestic market. The sanctions, Russia is challenged to strengthen, improve competition and hunting, lending to its economy, says Putin.
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