President Putin's address on next year's federal budget has a revolutionary content, said Andrei Illarionov, presidential economic adviser, as he was addressing the media in St. Petersburg.
The address may have sounded calm-but the measures Mr. Putin is offering will boil down to a budgetary revolution when implemented, what with fiscal rate cuts he deems necessary. Thus, value added tax is expected to come down from current 20% to 18% next year, and eventually to 16%. The unified social tax may drastically reduce in 2005, forecasts the expert.
In his address, President Putin gives a precise wording to a goal never posed in Russia before-to resolutely limit budgetary distribution of economic resources, which implies a budget revolution.
If Russia meets the targets the presidential message is posing, it will reach key national goals-higher living standards, combat against poverty, the gross domestic product doubled, and the defence potential spectacularly increased, said Mr. Illarionov.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year