Source Pravda.Ru

Federal budget surplus expected in the first half of 2002

A federal budget surplus of up to 1.3-1.4 percent of the Gross Domestic Product (GDP) is expected in the first half of 2002, Vice-Premier and Minister of Finance of the Russian Federation Alexei Kudrin stated speaking at the conference "Russia: Reforms and Economic Growth." He stressed that in the budget policy of the past few years, a stable budget surplus was ensured. "We are capable of ensuring stable economic processes even in conditions of reduction of the prices of oil and other export resources of Russia," Alexei Kudrin said. "Next year, which will be the year of the peak of Russia's foreign debt payments, we will manage to maintain a balanced budget, and its surplus must make up 0.8 per cent of the GDP," the Vice-Premier stated. This means that all social obligations will be fulfilled, too.

Kudrin also noted that at the present time domestic factors had started to play an important role in the economic growth.

Comments
Former GRU officer exposes two Russian Salisbury spies
AIDS came to USSR as deadly disease of Western decay
Can China take it to the limit in the trade war with USA?
Russia will not be de-dollarized
Russia will not be de-dollarized
The West still does not know what the Russian way of warfare is like
India to pass S-400 technology to NATO?
Center and peripheries in Europe - Portugal, a case of peripheral disaster
Biggest lie of all: Israel never lies, because it can't
AIDS came to USSR as deadly disease of Western decay
Russia and Germany develop anti-Polish collusion
Brexit: The collapse of Europe
Center and peripheries in Europe - Portugal, a case of peripheral disaster
Pravda.Ru on Reddit's 'Ask Me Anything.' US-Russian friendship is dead
Should Russia pull out from landmark international agreements?
Russia suspends all Soyuz-FG flights after first accident in 43 years
AIDS came to USSR as deadly disease of Western decay
Center and peripheries in Europe - Portugal, a case of peripheral disaster
Russia and Germany develop anti-Polish collusion
Orthodox unity splits as Russian Orthodox Church breaks ties with Constantinople
Orthodox unity splits as Russian Orthodox Church breaks ties with Constantinople