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
The European Commission has adopted additional legislative proposals today to further strengthen financial supervision in Europe.
more »
The EU has announced plans to regulate the market for derivatives – complex financial products that helped trigger the financial crisis.
more »
New proposals to help EU farmers through the milk price crisis were backed by Parliament on Thursday.
more »
The European Commission and the European Investment Bank (EIB) Group are organising a conference in Brussels on 22 and 23 October to further promote two initiatives designed to increase the use of financial engineering instruments in the framework of cohesion policy.
more »
The biggest thermal insulation production manufacturer in Finland “Finnfoam” has started the construction of a thermal insulation production plant in Kaunas FEZ.
more »
The European Investment Bank (EIB) is providing two loans in Hungary.
more »
Key Western Balkan projects to benefit from new funding EU, IFI financing to focus on infrastructure, SMEs and energy efficiency.
more »
Lithuania, Belarus and China will cooperate in the development of the initiative of the East-West transport corridor.
more »
On October this year AB Bank SNORAS will provide preferential UAB “Guarantee Fund of Agricultural Loans ” purpose loans to farmers and companies, which scope of activity is economic activity and processing of agricultural production.
more »
The European Commission has today approved an application from Austria for assistance under the European Globalisation Adjustment Fund (EGF).
more »