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

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


Russia to back Lagarde for IMF chief - Kudrin

MOSCOW. June 28 (Interfax) - Russia will back French Finance Minister Christine Lagarde for International Monetary Fund (IMF) chief, Russian Deputy Prime Minister Alexei Kudrin, who is also the country's finance minister, said at a government meeting.

"The Lagarde proposals fully comply with the IMF's aims. She will be able to bring dynamism to this key international organization, and ensure its further reform, taking the interests of states with developing markets into account," Kudrin said.

Russia has discussed further IMF reforms with Lagarde on several occasions, and is totally convinced about her intentions to reform the organization, Kudrin said.

"We think she has the necessary qualities. We'll be voting for her," he said.

Russia has also consulted with the Mexican candidate for IMF chief and the chairman of the National Bank of Kazakhstan. Kudrin said he had telephone conversations with these candidates, but that Lagarde's proposals currently met the IMF's interests.


Regions to get 150 bln rubles in supplementary budget revenue - Kudrin

MOSCOW. June 28 (Interfax) - Russian subfederal entities will receive more than 150 billion rubles in supplementary budget revenue in 2011, Deputy Prime Minister and Finance Minister Alexei Kudrin said.

"This year supplementary revenue in the consolidated budgets of the subfederal entities will be about 150 billion rubles on average, perhaps more," Kudrin said at a meeting of the government presidium.

The extra money will help to resolve the issue of raising salaries for employees of budget-finance organizations, he said.

All of the subfederal entities have approved salary and wage increases, and some of them have already put the increases into effect.

At the meeting, Prime Minister Vladimir Putin asked for more information about the wage increase issue.

"The Russian regions also planned to index the wages of budget workers this year. Wages increased in 18 regions effective January 1. They did that before we did at the federal level," Kudrin said.

The wages were raised in 55 regions beginning on June 1, that is, they were synchronized with the wage increase process at the federal level, he said. Seven more regions that have not raised wages yet will do so on September 1.

"Thus, virtually all of the regions decided on an increase," he said.

The regions are not raising the wages of state workers or municipal administration employees, but only the wages of doctors, teachers, and employees in cultural and social spheres, he said.

The regions have approved increases in the wages of educators in connection with the modernization program.

The regions ought to raise the wages of budget workers to the average wage level in the region, he said.

"Overall, keeping in mind that the regions began raising wages at the beginning of the year, the increases are averaging 6.5%, but several regions have raised wages for all budget workers by more, up to 10%-15%," Kudrin said.

Overall the wage increases cost more than 70 billion rubles. The government is providing subsidies to the regions that need assistance paying for the increases, he said.


Russian regions to have 150 billion ruble extra revenues in 2011 – Kudrin.

MOSCOW, June 28 (Itar-Tass) —— Extra revenues of Russian regions will amount to 150 billion rubles in 2011, Vice-Premier, Finance Minister Alexei Kudrin said at the Tuesday meeting of the federal government presidium.

He said the regions had been enlarging salaries of public sector employees, and the Finance Ministry estimated overall expenditures at 70 billion rubles. “Regions that experience certain problems receive our subsidies,” Kudrin said. “We think that additional revenues of regions may near or slightly top 150 billion rubles this year,” he said.

Eighteen regions enlarged salaries of public sector employees on January 11, and 55 did that on June 1. Another seven regions will increase the salaries on September 1. In some regions, salaries grew by ten to fifteen percent, Kudrin said.