Ministry of Finance of the Russian Federation
Ministry of Finance of the Russian Federation
24.05.2011

Statements of Deputy Head of the Government of the Russian Federation – Finance Minister of the Russian Federation A. Kudrin

 

Around 1.5 bln rubles to be allocated for Kurils in 2011 - Kudrin

GORKI. May 23 (Interfax) - The amended 2011 budget law includes around 1.5 billion rubles for the development of the Kuril Islands, Russian Deputy Prime Minister and Finance Minister Alexei Kudrin said.

"The federal Kuril Islands target program involves the allocation of 1.42 billion rubles," Kudrin said at a meeting with Russian President Dmitry Medvedev on Monday.

Kudrin briefed Medvedev about the basic parameters of the amended 2011 federal budget law. The legal amendments were passed by the State Duma last Friday.

 

Kudrin says Belarus may get 1st tranche of EurAsEC loan early Jun

MOSCOW, May 24 (PRIME-TASS) -- Belarus could receive the first U.S. $800 million tranche of a loan from the Eurasian Economic Community’s (EurAsEC) financial bailout fund in early June, Russian Deputy Prime Minister and Finance Minister Alexei Kudrin said Tuesday.

The final decision on the entire $3 billion loan is expected to be made on June 4 after a meeting of finance ministries of the countries of the Commonwealth of Independent States (CIS), Kudrin said.

The preparation of all documents related to the loan is completed, Kudrin said, adding that Belarus was to receive $1.2 billion of the total loan in 2011.

The second tranche amounting to about $400 million is expected to be taken from the fund in September, Belarusian Prime Minister Mikhail Myasnikovich said on May 20, adding the entire loan was to be provided over a period of three years.

The EurAsEC comprises Russia, Kazakhstan, Belarus, Kyrgyzstan, and Tajikistan.

 

Belarusian privatization program estimated at $7 point 5 billion - Kudrin.

MOSCOW, May 24 (Itar-Tass) —— The Belarusian privatization program is estimated at $7.5 billion, Deputy Prime Minister, Finance Minister Alexei Kudrin said at the Tuesday meeting on the budget 2012-2014.

Privatization will enlarge the share of the private sector in the Belarusian economy, he said. “We have preliminary coordinated the privatization amount at no less than $2.5 billion annually, so the program will total $7.5 billion,” he said.

The list of assets to be privatized in the first two years will be approved finally within three months, Kudrin said.

In his words, privatization terms will be transparent and common for Belarusian and Russian companies.

 

Government to set budget parameters 2012-2013 before June 20 – Kudrin.

MOSCOW, May 24 (Itar-Tass) —— The federal government will set the budget parameters 2012-2014 before June 20, Deputy Prime Minister, Finance Minister Alexei Kudrin said.

Conferences are in progress to discuss details of the financing of particular industries, he said, adding that no decisions had been made concerning the burden on the gas industry. The Finance Ministry forecasts a crude price of $93 per barrel in 2012, as against $105 in 2011. “If the crude price is smaller, the budget deficit will remain at 2-3%. If the crude price is unchanged from this year’s one, the budget deficit will amount to 1-1.5%,” he said, noting that the budget will have no deficit in 2015.

Federal budget revenues will reach 11.28 trillion rubles in 2013, he said.

Budget revenues are planned at 11.28 trillion rubles for 2013 and 10.31 trillion rubles for 2012, Kudrin said. Oil and gas revenues will grow by 402 billion rubles, while non-oil and gas revenues will increase by 412 billion rubles. Higher rates of tobacco and alcohol excises will bring 8 billion rubles in revenues in 2012 and 59 billion rubles in 2013, he said.

The budget for 2012-2014 will put an emphasis on long-term development goals and social commitments, Prime Minister Vladimir Putin said at the budgetary conference on Tuesday.

Russia had the first budget surplus in the first quarter of this year, 1.5% GDP, he said. “We initially forecasted a budget deficit of 3.6% in 2011. Now we hope it will be 1.5%,” Putin said, adding that it was impermissible to deviate from the policy aimed at the reduction of the budget deficit.

“We need budget resources to ensure a quality growth of the economy, innovative modernization of industries and scientific and educational centers,” he said. “It is necessary to fund projects in such breakthrough and high-tech spheres as atomic energy, space exploration, pharmaceutics, medical industry, telecommunications and energy efficiency,” he said. Support to agriculture is a priority, he noted.

Special attention must be given to the active social development policy, Putin said. “Every obligation to citizens must be fulfilled,” he said. It is the question of large-scale programs in education, health care and demography. “As we have agreed, allocations in support of culture, museums and libraries will be increased a lot in the budget of 1912,” he said.

Putin ordered the government to ensure permanent control over the transfer of funds to the defense sector. “We must ensure the allocations of a drastic increase of servicemen’s monetary allowances and the state armament program in the budget 2012. The budget funds must be transferred to defense plants on time and in full. Please, keep the issue under constant control,” he said.

 

Belarus to receive $1 point 24 billion from EurAsEC Anti-Crisis Fund in 2011-Kudrin.

MOSCOW, May 24 (Itar-Tass) —— Belarus will receive $1.24 billion from the Eurasian Economic Community (EurAsEC) Anti-Crisis Fund this year, Deputy Prime Minister, Finance Minister Alexei Kudrin said on Tuesday.

He recalled the decision to allocate $3 billion to Belarus from the EurAsEC Anti-Crisis Fund within three years. “Belarus will receive $1.24 billion this year, and the first tranche will amount to $800 million,” he said.

The money will be transferred a week after the finance ministers make the decision, Kudrin said. He noted that the decision might be made on June 4 after a meeting of the CIS finance ministers.

 

Federal budget revenues to top 11 trillion rubles in 2013 – Kudrin.

MOSCOW, May 24 (Itar-Tass) —— Federal budget revenues will reach 11.28 trillion rubles in 2013, Deputy Prime Minister, Finance Minister Alexei Kudrin said.

Budget revenues are planned at 11.28 trillion rubles for 2013 and 10.31 trillion rubles for 2012, Kudrin said. Oil and gas revenues will grow by 402 billion rubles, while non-oil and gas revenues will increase by 412 billion rubles. Higher rates of tobacco and alcohol excises will bring 8 billion rubles in revenues in 2012 and 15 billion rubles in 2013, he said.