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Latest News - #Alexei Kudrin

The chamber reviewed the expenditures of the Ministry of communications

The Russian audit chamber has checked in 2019 was performed by the budget of the Ministry and its subordinate Federal communications Agency, Roskomnadzor and Rospechat, is spoken in the message of Department.

It is noted that the lowest level of execution of the Federal budget expenditures was observed in the Ministry of communications – 77.1 percent. "This is mainly due to the revision of the national programme "Digital economy", the new version of which was approved 6 months after the start of the financial year. In the result, the cash execution of expenses on nutsprogramme was only 73.3 per cent (73.8 per billion RUB), and 64 of the planned results have been achieved in a 36 or 56 percent," says SP.

The Kremlin has responded to criticism of Kudrin increase the personal income tax for the rich

Funds from raising the personal income tax rate for the rich will go on treatment of children with orphan diseases, said the press Secretary of the President Dmitry Peskov.

Earlier Vladimir Putin has proposed from 1 January 2021 to cancel the flat rate personal income tax and raise its rate from 13% to 15% for income in excess of five million rubles a year, and send the money to help children with rare pathologies.

SP Rosstat pointed to the flaws in calculating the share of tech companies

The chamber has pointed out the shortcomings of the methodology of Rosstat for calculating the share of technology-based enterprises in Russia, which is necessary for implementation of the may decree of President Vladimir Putin, Rosstat promised to fix them, according to a press release from the controlling Agency.

According to the decree, the share of those technological innovations of companies by 2024 must be 50%. "However, the current approach of calculating the indicator according to the specific weight that applies Rosstat does not allow to evaluate the real share of high - tech enterprises", - stated in the message.

Kudrin called the growing U.S. debt risk for emerging markets

The increase in the U.S. debt threatens to become a risk to the dollar and emerging market currencies, said the head of the audit chamber of the Russian Federation Alexey Kudrin.

"US debt since the beginning of the year increased from 108% to 123% of GDP. For the US, it is not yet critical, but if the trend is not significantly changed, then it will be critical for the dollar and for global market," Kudrin said, speaking on Monday in the Federation Council.

The Russian economy is stagnating, Kudrin said

The Russian economy is now in a state of stagnation, which cannot be overcome without carrying out sufficient structural reforms, said the head of the accounts chamber Alexey Kudrin, speaking on Saturday from lecture to graduates of the Russian economic school (NES).

Kudrin said that, as Russia will have in the coming years to move fast from oil structure of the economy, it needs a much more significant investment in human capital: public spending on science and education, according to him, it is necessary to increase by 1% of GDP, and even for the same volume of expenditure on health.

The authorities should decisively deal with the crisis, Kudrin said

The government needs to act more decisively in combating the current crisis, providing more substantial support to the economy and population, said the head of the accounts chamber Alexey Kudrin, speaking on Saturday from lecture to graduates of the Russian economic school (NES).

"We are a little slow to respond to the challenges of this crisis, which is not similar (to the crises of previous years - ed.) and our old formulas don't always work. That's why we need to act more decisively," said Kudrin.

The audit chamber has published data on all their inspections since 1999

The accounts chamber of the Russian Federation published data on all their inspections since 1999, said the head of Department Alexey Kudrin, speaking in the Duma.

"There was a question on creation of uniform database on all inspections... Now from 1 July, that is last week, all the checks since 1999 are posted on our website in a machine-readable option," he said.

Kudrin reacted to Putin's proposal to cut taxes in the IT sector

The head of the chamber Alexei Kudrin has called the tax cuts in the IT-sector breakthrough measure.

On Tuesday, President Vladimir Putin proposed a number of changes from 2021 to the system of taxation. Among other things, the President called for the abolition of the flat rate tax on incomes of physical persons – citizens with incomes of more than 5 million rubles per year will pay 15 percent tax on funds in excess of this amount. The money will be used for the treatment of children with orphan diseases. The President also proposed tax maneuver in the IT industry.

Kudrin called the proposed adjustment to personal income tax careful

The head of the chamber Alexei Kudrin called the proposed President of the Russian Federation, the adjustment of personal income tax, neat, stressing the importance for confidence and stability that this tax didn't change.

Russian President Vladimir Putin has proposed from 1 January 2021 to cancel the flat rate tax on incomes of physical persons (personal income tax) and to increase its rate from 13% to 15% for income over 5 million per year. He added that the funds from the increase in personal income tax are directed to the treatment of children with orphan diseases.