Russian authorities saw no benefit from possible tax cuts

Siluanov believes that the VAT reduction will not lead to a decrease in prices , says Russian Finance Minister Anton Siluanov. He stated this at the Russia Calling Forum, broadcast by RBK.

“It seems to me that it is not entirely correct to apply such temporary measures. We have other possibilities for solving this problem, both on the side of monetary policy and on the side of the budget, “he explained why the authorities do not see any benefit in this measure.

” How many times have we reduced taxes and saw that the benefits from this received, first of all, the producers of certain sectors of the economy. Therefore, as a tool to reduce prices, tax cuts, I do not think it is a good way to go. But it would be good to support our producers, ”added the head of the Ministry of Finance.

Siluanov also promised to support the population in case of inflation above the forecast. Additional funds will be allocated for projects with fixed interest rates.

The head of the Ministry of Finance also said that the country's budget should be balanced and moderately tight, and monetary policy should be soft and adequate. This is the formula for the sustainability of the economy.

Earlier, Russian President Vladimir Putin said that he did not rule out new measures to support citizens, based on available opportunities.



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