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среда, 26 июля 2017 г.

In whose interests is the budget deficit formed?

The Ministry of Finance published the draft budget for 2017-2019

The budget deficit will amount to 2.74 trillion rubles or 3.16% of GDP

Moscow, October 12 - AIF-Moscow.

The Ministry of Finance has published a draft federal budget for 2017 and a planned document is posted on the portal of draft legal acts.
The budget for the next year provides revenues at the level of the current year - 13.44 trillion rubles, expenses will amount to 16.18 trillion rubles. Thus, the budget deficit will amount to 2.74 trillion rubles or 3.16% of GDP.

In 2017, the Ministry of Finance proposes to change the structure of financing the deficit, using more borrowed funds. The amount of loans will be 1.05 trillion rubles in each of the three years. The restriction on external loans is set at $ 7 billion.

In 2017, to cover the budget deficit from the Reserve Fund, it is planned to raise 1.15 trillion rubles, from the National Welfare Fund - 660 billion rubles.
The largest expenditure item next year will be social policy. It is planned to spend 5.1 trillion rubles on it. It is planned to allocate more than 2.1 trillion rubles to the national economy, to the national defense 950 billion rubles without taking into account the secret expenses.

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In whose interests is the budget deficit formed?

In order to understand the principles of budget formation, under the rule of the financial oligarchy, it is enough to turn to history, in particular, to the work of Karl Marx: 'The class struggle in France from 1848 to 1850, which I cite below.

'Moreover, the debt of the state was in the direct interests of that fraction of the bourgeoisie that dominated and legislated through the chambers. The state deficit was precisely the subject of its speculation and the most important source of its enrichment. At the end of each year - a new deficit. Every four or five years is a new loan. And each new loan gave the financial aristocracy a new opportunity to rob a state artificially supported on the verge of bankruptcy - it should have borrowed from bankers under the most unfavorable conditions.

In addition, each new loan gave an extra case to rob the public, who placed their capital in state interest-bearing securities, through exchange transactions, the secrets of which were devoted to the government and the parliamentary majority.

In general, the unsustainable state credit situation and the possession of state secrets allowed bankers and their accomplices in the chambers and on the throne to trigger sudden, extraordinary fluctuations in the rate of government securities, which each time inevitably entailed the ruin of many smaller capitalists and the fabulously rapid enrichment of large stockbrokers.

Huge sums passed through the hands of the state, thus, created, in addition, the possibility of fraudulent contracts, bribery, embezzlement and frauds of all kinds. The stealing of the state, which occurred with loans in bulk, was repeated at public contracts under public contracts. What took place in the relationship between the Chamber and the government was repeatedly reproduced in the relations between individual departments and individual entrepreneurs.

Just as the ruling class used public spending in general and state loans, it also used the construction of railways.

The chambers placed the main burden of costs on the state, and the speculating financial aristocracy provided them with golden fruits ...

In a country like France where the volume of national production is disproportionately small compared to the size of public debt, where public rent is the most important subject of speculation, and the exchange represents the main market for the application of capital that wants to grow unproductively, there are countless Persons from all bourgeois and semi-bourgeois classes can not but be interested in public debt, in the exchange game, in finance.

But do not all these secondary participants of the exchange game find their natural support and leadership in the faction that represents the same interests, but on an enormous scale, represents them in general?

What is the reason that the state treasure fell into the hands of the financial aristocracy? Constantly growing indebtedness of the state. And what is the reason for this debt of the state? In the constant preponderance of his expenses over incomes, in inconsistency, which is both the cause and effect of the system of state loans.

To avoid this debt, the state should limit its expenses, that is, simplify the government organism, reduce its size, manage as little as possible, keep as few officials as possible, interfere as little as possible in the affairs of civil society.

The party of order could not go this way; It should have been increasingly strengthening its repressive measures, its official intervention on behalf of the state, its ubiquitous in the person of state org

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