Russian Finance Minister Alexei Kudrin says that Russia will be able to pay off its foreign debt in full by using additional revenues
Published:
17 March 2001 y., Saturday
Russian Finance Minister Alexei Kudrin says that Russia will be able to pay
off its foreign debt in full by using additional revenues, mobilizing internal loans, using remainders of the federal budget accounts and dividends from privatization.
Addressing the Senators as the Federation Council upper house was
discussing amendments to the 2001 budget, Kudrin explained that payment
of the foreign debt would not interfere with raising wages for budget
employees or with expenditures for national defense and the judiciary.
Kudrin also pointed out that in spite of unfavorable forecasts in
connection with the introduction of the new Tax Code, tax collection in the
first months of 2001 was stable and demonstrated a positive tendency, while
what concerned income taxes, the figure had even increased.
He explained that thanks to all this, in March Russia would be able to
honor unpaid January debts. The Federation Council has given its approval to the mechanism for redistributing additional revenues in the 2001 budget in favor of honoring the country's foreign debt.
Šaltinis:
russia.strana.ru
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European cities may still be feeling the pinch of the global recession.
more »
The EBRD Board of Directors has approved a $50 million convertible loan to Petrolinvest to finance the completion of exploration works at the company’s main oilfields.
more »
The European Commission welcomes the adoption today at the United Nations in Geneva of the first international regulation on safety of both fully electric and hybrid cars.
more »
Bloomberg has today announced that Lithuania had the outlook on its credit rating raised by Fitch Ratings after the Government implemented an austerity program to curb the budget deficit.
more »
In January 2010, compared with December 2009, the highest increase in retail trade in the EU-27 Member States was observed in Lithuania.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday.
more »
Some 80% of Europeans continue to travel for their holidays according to a new Eurobarometer survey on ‘The attitudes of Europeans towards tourism 2010’.
more »
The EU's internal market will be under scrutiny Tuesday when a series of reports will be debated by MEPs in Strasbourg.
more »
EU Employment and Social Affairs Ministers today agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business.
more »
Over €7.6 million in financial aid for training and self-employment could be available to former workers in German and Lithuanian if MEPs back the measures Tuesday.
more »