The budget deficit is in the spotlight

January 11 at the enlarged meeting of the Government the President Vadim Krasnoselsky outlined challenges facing the public authorities. Among them, the main is stabilization of the economy, creation of a favorable investment climate. Solving these problems is impossible without the ease of doing business, reduction of administrative barriers and tax burden. The working committee on the drafting of the budget and tax policy concept for 2018 and the mediu term, established by the order of Prime Minister Alexander Martynov was aimed at realization of tasks.

Today its second meeting was held. The commission includes representatives of ministries and departments, the Supreme Council of the Chamber of Accounts, the Central Bank, Chamber of Commerce and non-governmental organizations. The Acting First Deputy Chairman Alevtina Slinchenko headed the first organizational meeting of the working agency January 20. Members of the committee tasked to review the situation in the budget and tax sphere, load level on sectors of the economy, tax structure, the budget deficit, in order to develop a comprehensive document. It is planned that the draft concept will be presented to the deputies not later than April 1.

According to the chairman of the Committee on Economic Policy, Budget and Finance Alexander Korshunov, the subject of today's discussion was the deficit of the republican budget for 2017.According to the head of the profile parliamentary committee, commission members discussed some conceptual approaches to solve this difficult problem. In this context, we talked about the effectiveness of the state municipal enterprises, the banking sector, the privatization of illiquid state property.