The Russian Finance Ministry is ready to decrease the tax burden more considerably in the country, in the event non-interest expenses of the federal budget are decreased more considerably than it was initially planned, Finance Minister Alexey Kudrin declared at a meeting of the Board of the Economy Ministry today. He pointed out that it was planned to decrease the tax burden by 1 percent of the GDP annually. The minister stressed that the resources of the stabilizing fund should not be used as a source for lowering the tax burden.
The plan of decreasing state expenses is the government priority, Kudrin said. If there is a decision on a further drop in budget expenses, the Finance Ministry is ready to work out a more radical tax reform, he reiterated.
At a meeting of the Cabinet of Ministers on March 13, Kudrin declared that the ministry was ready to decrease the value-added tax rate by 2 percent as of 2004. Earlier the Finance Ministry suggested that the VAT rate should be cut not earlier than in 2006. The current VAT rate is 20 percent.
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?
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