PRIME-TASS. The policy pursued by the Russian Finance Ministry will remain geared towards mitigating risks associated with the budget’s non-execution, Acting Finance Minister Anton Siluanov told reporters on Wednesday. Meanwhile, the ministry will not come out with proposals to raise taxes, he added.
“Raising taxes is not the best proposal," the acting finance minister thinks.
At the same time, Siluanov acknowledged that this measure could be taken if the Russian government does not find other sources to keep the budget balanced. “As a measure of last resort this, of course, exists, but in the near future I think we won’t prepare proposals of this kind," he said.
“The policy of the Finance Ministry of Russia that was, is and will be pursued is a policy aimed at providing macroeconomic stability and mitigating risks associated with the budget’s non-execution," Siluanov noted.
According to him, this policy could be carried out by putting a lid on budget spending.
“We should not increase spending without relevant sources of the budget’s expansion," the acting finance minister pointed out.
