Source Pravda.Ru

Russia's State Debt In 2002 To Contract To 48 Percent Of Gdp

In 2002 Russia's state debt will contract to 48 percent of GDP from this year's 55 percent. This forecast was made by vice-premier and finance minister Alexei Kudrin. According to him, in 2002 payments to redeem the state debt will be made in full and the government will do without attracting IMF loans. The vice-premier noted that important steps are to be made in tax policy next year, i.e. tax burden will be lowered by 1.8 percent of GDP, including profit tax rate cut from 35 percent to 24 percent; a tax on mineral resource mining will be introduced to substitute four currently effective taxes. Russian offshores will be eliminated. Budget expenditures, Kudrin stated, are being increased in priority directions such as wages of budget-dependent workers, military servicemen and persons similar to them included. The number of federal targeted programmes will be reduced from 133 in 2001 to 48 in 2002. All this is being done for top priority programmes to be financed in full, Kudrin asserted.

Comments
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Russians start protesting against retirement age law
Russians start protesting against retirement age law
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
The West persistently pesters former USSR with regime changes and revolutions
Russians start protesting against retirement age law
Russians start protesting against retirement age law
The West persistently pesters former USSR with regime changes and revolutions
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Trump officially starts trade war with China
Saudi footballers to be punished for losing World Cup opener to Russia
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Kim-Trump Summit: A step in the right direction?
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Eighteen tons of gold leave USA in 2018
What do foreign fans say about Russia during 2018 FIFA World Cup?
Trump-Kim honeymoon in Singapore may open McDonald's in Pyongyang
Euro-Islam: New religion to break migrants in EU
Euro-Islam: New religion to break migrants in EU
Mysteries of history: Greek fire, Damascus steel and beam weapon
Mysteries of history: Greek fire, Damascus steel and beam weapon