Ministry of Finance of the Russian Federation
Ministry of Finance of the Russian Federation
31.08.2011

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

 

Kudrin ok with econ ministry macroeconomic forecast

ST. PETERSBURG. Aug 31 (Interfax) - Deputy Russian Prime Minister Alexei Kudrin, who is also the country's finance minister, is generally in agreement with the new macroeconomic forecast produced by the Economic Development Ministry, but considers the oil-price prediction somewhat inflated.

"Prices [for oil] could be such, so I don't fundamentally argue with this forecast, although in my view they are high. My opinion is that they can be used as a basis," Kudrin told reporters on Wednesday. The ministry's macroeconomic figures are still being discussed, he added.

Asked about the possibility the budget deficit might be reduced in 2012, Kudrin answered in the affirmative, but named no numbers. "In general, yes, it is a budget deficit reduction, including thanks to higher oil-price predictions," he said.

 

St Petersburg University to use liberal education principles – Kudrin.

ST. PETERSBURG, August 31 (Itar-Tass) —— St. Petersburg State University will be guided by the principles of liberal education, Vice Prime Minister and Finance Minister Alexei Kudrin said.

“Education by new standards that are being introduced in the department [of free arts and sciences] offer bog responsibility and independence of the students,” Kudrin said.

As dean of the Department of Free Arts and Sciences at St. Petersburg State University, he attended the student inauguration ceremony on Wednesday, August 31.

He said more than half of the subjects would be mandatory, but the students would be allowed to choose from among the rest.

“This will make it possible to develop a multifaceted approach and universal nature of knowledge, which is especially important in the modern world,” Kudrin said.

He has been monitoring the development of the department for the past eight years.

 

Finance minister expects balanced budget this year.

ST PETERSBURG, August 31 (RIA Novosti) - Russian Finance Minister Alexei Kudrin said on Wednesday he expected the country's budget to have no deficit this year.

"We will only finish adjustments of our forecast at the end of the week. On the whole, we will have a balanced budget," Kudrin told reporters.

Last month Kudrin said budget deficit could amount to about one percent of gross domestic product or slightly higher after 4.1 percent last year.

In the first half of the year, budget surplus stands at 722.65 billion rubles ($25 billion) or 2.5 percent of GDP. The government has cut its 2011 budget deficit forecast to 1.3 percent of GDP due to high prices for oil, the country's main product.


 

Finance minister expects balanced budget this year.

ST PETERSBURG, August 31 (RIA Novosti) - Russian Finance Minister Alexei Kudrin said on Wednesday he expected the country's budget to have no deficit this year.

"We will only finish adjustments of our forecast at the end of the week. On the whole, we will have a balanced budget," Kudrin told reporters.

Last month Kudrin said budget deficit could amount to about one percent of gross domestic product or slightly higher after 4.1 percent last year.

In the first half of the year, budget surplus stands at 722.65 billion rubles ($25 billion) or 2.5 percent of GDP. The government has cut its 2011 budget deficit forecast to 1.3 percent of GDP due to high prices for oil, the country's main product.

 

Russia may balance budget in 2011-Finmin

MOSCOW, Aug 31 (Reuters) - Russia may balance its budget already this year, the RIA news agency quoted Finance Minister Alexei Kudrin as saying on Wednesday.

The government had earlier forecast a budget deficit of around 1 percent of the gross domestic product (GDP) in 2011, saying that it could only balance the budget by 2015.