Source Pravda.Ru

2004 budget offers no support for small business

Russia ineffectively supports its small businesses, said Deputy Chairperson for the Federation Council Committee on Political Economy, Business and Property Pavel Fedirko. 'There is a lot of talk about supporting small and medium-sized business, but there is practically no action,' he said.

Fedirko said that the 2003 budget allotted USD 3.23 billion to medium and small business, but this money didn't get to the regions and was almost entirely spent on the federal level. The 2004 budget, according to Fedirko, has no money for small business. 'The federal budget does not take into account financial help for small business,' he said. Fedirko also said that receiving a credit from the World Bank for this purpose is possible only if Russia takes on the responsibility for completing the guarantees of the loan.

Comments
USA will seize Kuril Islands immediately if Russia delivers them to Japan
German experts name Russia's most dangerous weapon
Report about USSR's unique lunar mission declassified
Europeans say what puzzles them in Russia most
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
The Green Africa project
Can Russia perform under Soviet flag during 2018 Winter Olympics?
The Green Africa project
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
Report about USSR's unique lunar mission declassified
Keys to understanding the world from Feminism - Science and Feminism
Sheep disrupt the work of US missile defences in Romania
Sheep disrupt the work of US missile defences in Romania
Russia strongly opposed to reinstating death penalty
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Can Russia perform under Soviet flag during 2018 Winter Olympics?
What lies beneath Iran protests