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Thursday, January 18, 2018

Salaries will run out by the end of 2017, the Finance Ministry has scared of the Russians

First Deputy Finance Minister Tatiana Nesterenko spoke at the forum “Territory” almost storm warning on the prospects of the Russian economy. In her opinion, without reforms in the country there are “serious economic problems” caused by the devastation of reserves. In particular, the state has no money to pay, she warned.

photo: Natalia Muslinkina

This situation may occur already by the end of 2017, suggested Nesterenko. In fact, she repeated the other officials of the Department. So, earlier disappointing data announced her colleague Sergei Storchak. Finance Minister Anton Siluanov, in turn, warned that the failure of optimization of budget expenditures Reserve Fund will be exhausted even sooner.

Read expert opinion about the possibility of emptying the Reserve Fund in the short term.

Budget question Nesterenko called the main internal challenge. The situation in the Russian economy currently is really a “storm”, she admits.

“The storm is a condition when everything calms down. When everything looks quiet and well, but actually we are already in the center”, – leads her words RIA Novosti. The official believes that the Russian economy is just in the centre of the storm.

However, the situation with full exhaustion of reserves and the inability to pay the salaries of the Russians is just one of the possible scenarios, hastened to reassure listeners Nesterenko. “If this is allowed. But we certainly do not tolerate, even in thought,” he assured her.

From her point of view, the main question is how Russia will emerge from the economic storm – randomly or in accordance with a specific program measures.

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