Turnaround plan has left the government without the support of domestic industry.
Considered by the government yesterday's anti-crisis program contains a clear bias towards the support of finance and banking at the expense of the real economy. Not only is the support of industry authorities intend to allocate half the money than to help the bankers, so still it appears that more than half of the money in reality does not help businesses. In particular, as an aid to industry performed pull-down compared with last year's revenue budget shortfall of income tax. In addition, the portion of funds to support the industry, primarily aimed at supporting the banking sector or the maintenance of clearly inefficient enterprises.
Anti-crisis expenses in 2009, the government is divided into five main areas: strengthening of social protection, the preservation of industrial capacity, reducing the administrative burden on business, increase the stability of the financial system, as well as support areas. In this case, an absolute priority anti-crisis program remains stable financial system, to which the Government plans to allocate this year more than 1,355 billion rubles. The second most important is the preservation of industrial and technological capabilities on which the Treasury will spend more than 776 billion rubles. The third priority is to strengthen social protection and fighting unemployment with more spending 463 billion rubles. To support the regional government is planning to spend 300 billion rubles.
After yesterday's meeting of the Government, these figures will change slightly. In particular, the struggle with rapidly rising unemployment premier promised to add another 34 billion rubles. Rise and government support of exporters, for which the volume of export guarantees to be increased three times and reach 150 million dollars to save the workforce manufacturer of aircraft engines MMP Chernyshev Premier advised to allocate 2.9 billion rubles. to increase the authorized capital of the enterprise. However, the Prime Minister announced yesterday an additional cost does not change the apparent bias towards the banking sector with a relatively modest stimulating the real sector and social support.
The same bias is evident in the analysis of budget spending for two years - from 2008 to 2009. So, according to the World Bank, to strengthen the financial sector during the past two years focused almost half of the budget crisis response (48,2%), and to support the real economy will be spent 37,7%. At the same time to help the regions will 10,3% biennial budget crisis response, and the protection of vulnerable populations - about 3,8%.
Source: Materials from the site of the Russian government
"Until now, anti-crisis measures of fiscal policy in Russia are primarily aimed at supporting the financial sector and enterprises. Only a fraction of the support was directed to the public. Measures implemented in 2008 and planned for 2009, will cost the budget in the total amount in excess of 2.9 trillion rubles. These measures are primarily aimed at strengthening the financial sector and providing public financial support to enterprises, "- noted in a recent report by the World Bank (WB) on the Russian economy.
The experts note the obvious differences between the WB's anti-crisis expenses of Russia from other countries "Big Twenty." If Russia concentrates on the virtual support the economy through the so-called falling revenues, then other countries to finance their anti-crisis program through direct budgetary expenditures. In particular, China, France, Germany and the U.S. significantly increase spending on infrastructure, education, health and development of new technologies. In Russia, the cost of road construction significantly reduced.
"The stimulus package is not targeted measures to support innovative industries. No, and targeted support to the education system is now doing in other countries. In particular, China and the U.S. mortgage money to support innovation, science, education, energy "- agrees Duma Deputy Oksana Dmitrieva.
10. 04. 2009
Source: Nezavisimaya Gazeta (Independent)
Topical Archive 2007
Who are increasing revenues, and who - the problem? The October inflation and prospects for further price rises at year-end, have forced managers of public financial institutions, planners inflation for 2007, as part of 7,5 - 8%, to give explanations. Once these explanations do not have clarity, and have caused the citizens even more perplexity and surprise. Just like a Munchausen, hearing the singing of "peacock. Chairman CBR Ignatieff said the people that finance everything is great, but they brought food. No comment. Finance Minister Alexei Kudrin, and after him, and first deputy chairman of the Central Bank of Russia Alexei Ulyukayev have emphasized that the increased income of Russian citizens.
"There are deeper reasons for the rise in food prices, said Kudrin. As a result, improve the lives of Russians in recent years in 2,4 times increased demand for food products, exceeding in value terms, $ 3 trillion. rubles per year. Russian agriculture does not provide a corresponding increase in food production. In agriculture, for the same period production rose by only 20%. The result was a significant increase in food imports - a 30% increase in imports of milk, 100% - meat import ", - said Alexei Kudrin. Speaking in early November, the conference "Moscow Business Dialogue" A Ulyukayev called internal factors (inflation) increase in the proportion of public expenditure and revenue growth of population, which in recent years, almost 2 times higher than the rate of productivity growth. But the citizens believe that their earnings all the time shrinking and the share of the cost of living increasing all the time. So who can be more than human and who grew revenues? And they have grown, thanks to the Finance Ministry and Central Bank, especially the bankers.
"Central Bank today published a document under which profit of 30 largest Russian banks, taking into account the financial results of the previous years on October 1, 2007 amounted to 283.435 billion rubles, an increase compared with the rate on 1 October 2006 to 30,5%. Total assets of the 30 largest banks increased to 12 trillion 580 billion 065 million 177 thousand rubles on October 1 (or 32.2%). In the top 30 banks (October 1) included: Absolut Bank, Bank Ak Bars, Alfa-Bank, Bank of Moscow, BIN, VTB, VTB 24, Bank VTB North-West Bank "Revival", Gazprombank , Bank Zenit, Impexbank, MDM Bank, International Moscow Bank, Nomos-Bank, Bank Petrocommerce, Promsvyazbank, Raiffeisenbank Austria, Rosbank, Russian Agricultural Bank, Russian Standard Bank, Bank Saint Petersburg ", Sberbank Russia, Svyaz-Bank, Citibank, TransCreditBank, TRUST National Bank, Bank URALSIB, URSA Bank and Yuniastrumbank. Source: http://www.novygorod.ru/
But, the income of banks, it is impossible, if not speculate on this, to ascribe to the population, and hence the claim that income growth and boosted prices. Moreover, as we know anyone who knows the basics of political economy, wage growth does not cause a rise in prices, ie inflation. A redistribution of income within the overall value generated. But the release of additional currency in circulation leads not only to the depreciation of the ruble, but also to redistribute income in favor of a certain narrow circle of persons. What has been done by officials from the Ministry of Finance and the Central Bank that provided a windfall to citizens, and other inevitable problems.
Ivan Tevrizsky
5, November 2007 Rescued by the authorities, Russian banks have increased remuneration of top managers Remuneration of top managers of Russian banks that have received government assistance, in 2008, have increased significantly, the newspaper Kommersant. One reason for this was laid-off payment of compensation board members. According to the newspaper, the amount of remuneration of members of the board of directors of bank "Russian Capital", purchased by the National Reserve Bank, has increased from 4,6 million rubles in 2007 to 8.04 million rubles in 2008. In this case, board members received 26 million rubles, while the year before they were paid only 9.5 million rubles. According to reports Yarsotsbanka, sanitized PSB, the total reward of five board members increased from 17.2 million rubles to 26.5 million rubles. As noted by Kommersant, after buying Yarsotsbanka some board members were dismissed and the law won two or three salaries. In addition, the remuneration of five board members was increased from 13.1 million rubles to 40.8 million rubles. Some banks have been marked by a slight increase in the size of awards. Thus, top managers of the bank Globex received 66.9 million rubles, which is only 3 million more than in 2007. The bank Tarkhany, which manages the Deposit Insurance Agency (DIA), board members received 21.4 million rubles, or 3.6 million more than in 2007. DIA received the right to save the Russian financial institutions from bankruptcy in fall 2008. For this he was granted a fund of 200 billion rubles, which the agency can spend on debt recapitalization of banks experiencing financial difficulties. In addition, it is expected that in 2009 the Russian government will allocate private banks about 278 billion rubles, provided that their shareholders will add as much again.
Source: http://avtoritetniy.livejournal.com/240399.html
Considered by the government yesterday's anti-crisis program contains a clear bias towards the support of finance and banking at the expense of the real economy. Not only is the support of industry authorities intend to allocate half the money than to help the bankers, so still it appears that more than half of the money in reality does not help businesses. In particular, as an aid to industry performed pull-down compared with last year's revenue budget shortfall of income tax. In addition, the portion of funds to support the industry, primarily aimed at supporting the banking sector or the maintenance of clearly inefficient enterprises.
Anti-crisis expenses in 2009, the government is divided into five main areas: strengthening of social protection, the preservation of industrial capacity, reducing the administrative burden on business, increase the stability of the financial system, as well as support areas. In this case, an absolute priority anti-crisis program remains stable financial system, to which the Government plans to allocate this year more than 1,355 billion rubles. The second most important is the preservation of industrial and technological capabilities on which the Treasury will spend more than 776 billion rubles. The third priority is to strengthen social protection and fighting unemployment with more spending 463 billion rubles. To support the regional government is planning to spend 300 billion rubles.
After yesterday's meeting of the Government, these figures will change slightly. In particular, the struggle with rapidly rising unemployment premier promised to add another 34 billion rubles. Rise and government support of exporters, for which the volume of export guarantees to be increased three times and reach 150 million dollars to save the workforce manufacturer of aircraft engines MMP Chernyshev Premier advised to allocate 2.9 billion rubles. to increase the authorized capital of the enterprise. However, the Prime Minister announced yesterday an additional cost does not change the apparent bias towards the banking sector with a relatively modest stimulating the real sector and social support.
The same bias is evident in the analysis of budget spending for two years - from 2008 to 2009. So, according to the World Bank, to strengthen the financial sector during the past two years focused almost half of the budget crisis response (48,2%), and to support the real economy will be spent 37,7%. At the same time to help the regions will 10,3% biennial budget crisis response, and the protection of vulnerable populations - about 3,8%.
Source: Materials from the site of the Russian government
"Until now, anti-crisis measures of fiscal policy in Russia are primarily aimed at supporting the financial sector and enterprises. Only a fraction of the support was directed to the public. Measures implemented in 2008 and planned for 2009, will cost the budget in the total amount in excess of 2.9 trillion rubles. These measures are primarily aimed at strengthening the financial sector and providing public financial support to enterprises, "- noted in a recent report by the World Bank (WB) on the Russian economy.
The experts note the obvious differences between the WB's anti-crisis expenses of Russia from other countries "Big Twenty." If Russia concentrates on the virtual support the economy through the so-called falling revenues, then other countries to finance their anti-crisis program through direct budgetary expenditures. In particular, China, France, Germany and the U.S. significantly increase spending on infrastructure, education, health and development of new technologies. In Russia, the cost of road construction significantly reduced.
"The stimulus package is not targeted measures to support innovative industries. No, and targeted support to the education system is now doing in other countries. In particular, China and the U.S. mortgage money to support innovation, science, education, energy "- agrees Duma Deputy Oksana Dmitrieva.
10. 04. 2009
Source: Nezavisimaya Gazeta (Independent)
Topical Archive 2007
Who are increasing revenues, and who - the problem? The October inflation and prospects for further price rises at year-end, have forced managers of public financial institutions, planners inflation for 2007, as part of 7,5 - 8%, to give explanations. Once these explanations do not have clarity, and have caused the citizens even more perplexity and surprise. Just like a Munchausen, hearing the singing of "peacock. Chairman CBR Ignatieff said the people that finance everything is great, but they brought food. No comment. Finance Minister Alexei Kudrin, and after him, and first deputy chairman of the Central Bank of Russia Alexei Ulyukayev have emphasized that the increased income of Russian citizens.
"There are deeper reasons for the rise in food prices, said Kudrin. As a result, improve the lives of Russians in recent years in 2,4 times increased demand for food products, exceeding in value terms, $ 3 trillion. rubles per year. Russian agriculture does not provide a corresponding increase in food production. In agriculture, for the same period production rose by only 20%. The result was a significant increase in food imports - a 30% increase in imports of milk, 100% - meat import ", - said Alexei Kudrin. Speaking in early November, the conference "Moscow Business Dialogue" A Ulyukayev called internal factors (inflation) increase in the proportion of public expenditure and revenue growth of population, which in recent years, almost 2 times higher than the rate of productivity growth. But the citizens believe that their earnings all the time shrinking and the share of the cost of living increasing all the time. So who can be more than human and who grew revenues? And they have grown, thanks to the Finance Ministry and Central Bank, especially the bankers.
"Central Bank today published a document under which profit of 30 largest Russian banks, taking into account the financial results of the previous years on October 1, 2007 amounted to 283.435 billion rubles, an increase compared with the rate on 1 October 2006 to 30,5%. Total assets of the 30 largest banks increased to 12 trillion 580 billion 065 million 177 thousand rubles on October 1 (or 32.2%). In the top 30 banks (October 1) included: Absolut Bank, Bank Ak Bars, Alfa-Bank, Bank of Moscow, BIN, VTB, VTB 24, Bank VTB North-West Bank "Revival", Gazprombank , Bank Zenit, Impexbank, MDM Bank, International Moscow Bank, Nomos-Bank, Bank Petrocommerce, Promsvyazbank, Raiffeisenbank Austria, Rosbank, Russian Agricultural Bank, Russian Standard Bank, Bank Saint Petersburg ", Sberbank Russia, Svyaz-Bank, Citibank, TransCreditBank, TRUST National Bank, Bank URALSIB, URSA Bank and Yuniastrumbank. Source: http://www.novygorod.ru/
But, the income of banks, it is impossible, if not speculate on this, to ascribe to the population, and hence the claim that income growth and boosted prices. Moreover, as we know anyone who knows the basics of political economy, wage growth does not cause a rise in prices, ie inflation. A redistribution of income within the overall value generated. But the release of additional currency in circulation leads not only to the depreciation of the ruble, but also to redistribute income in favor of a certain narrow circle of persons. What has been done by officials from the Ministry of Finance and the Central Bank that provided a windfall to citizens, and other inevitable problems.
Ivan Tevrizsky
5, November 2007 Rescued by the authorities, Russian banks have increased remuneration of top managers Remuneration of top managers of Russian banks that have received government assistance, in 2008, have increased significantly, the newspaper Kommersant. One reason for this was laid-off payment of compensation board members. According to the newspaper, the amount of remuneration of members of the board of directors of bank "Russian Capital", purchased by the National Reserve Bank, has increased from 4,6 million rubles in 2007 to 8.04 million rubles in 2008. In this case, board members received 26 million rubles, while the year before they were paid only 9.5 million rubles. According to reports Yarsotsbanka, sanitized PSB, the total reward of five board members increased from 17.2 million rubles to 26.5 million rubles. As noted by Kommersant, after buying Yarsotsbanka some board members were dismissed and the law won two or three salaries. In addition, the remuneration of five board members was increased from 13.1 million rubles to 40.8 million rubles. Some banks have been marked by a slight increase in the size of awards. Thus, top managers of the bank Globex received 66.9 million rubles, which is only 3 million more than in 2007. The bank Tarkhany, which manages the Deposit Insurance Agency (DIA), board members received 21.4 million rubles, or 3.6 million more than in 2007. DIA received the right to save the Russian financial institutions from bankruptcy in fall 2008. For this he was granted a fund of 200 billion rubles, which the agency can spend on debt recapitalization of banks experiencing financial difficulties. In addition, it is expected that in 2009 the Russian government will allocate private banks about 278 billion rubles, provided that their shareholders will add as much again.
Source: http://avtoritetniy.livejournal.com/240399.html
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