Raider seizure Treasury

 Law on Rosfinagentstve - raider seizure TreasuryJanuary 25, 2013 the State Duma votes United Russia adopted on first reading a bill to create specialized financial institutions. In fact, we are talking about it to the Reserve Fund and National Welfare Fund to transfer the management of commercial structures - Open Joint Stock Company "Rosfinagentstvo."I spoke on this issue in the State Duma as the bill in detail his views. A transcript can be found here. But despite the tough discussion in the State Duma, in the media on the subject - complete blockage, and I still have many questions, and what this bill is bad?To restate its position.

First, the initially flawed mechanism of the Reserve Fund and National Welfare Fund. Income gained from the export of our natural resources are not used in the economy of their country, and are invested in foreign economy through reserves. All these years, we are convinced that the money is taken out of the immediate needs and stored in the Reserve Fund - is the money that we need to be on a rainy day to finance the budget deficit. We strongly urged that need underfed, nedolechivat, underfunded education, nedostraivat nedoremontirovat roads and housing, and invest all the money in the reserve fund. We can not spend it in the country, because it is first, unearned money, and they will cause inflation, and secondly, it's money for a rainy day, and thirdly, they must be embedded in the foreign economy because it is a risk-free investment.Now with even more perseverance we are told to pass a bill to transfer the funds to a stock corporation. This means that the money in the first place, will be spent, and secondly, can be spent in the country, and thirdly, can be invested in risky investments. Go they will, in fact, a game in the stock market, which will be managed various financial intermediaries in the chain, we can not even trace the control of a "Supervisory Board". That is, the constitutional powers of the Government are outsourced, the state becomes the broker, but taxpayers still will not be sent to address economic and social problems in housing, roads, education, healthcare, overhaul.Besides the fact that this scam century can not be checked, it is completely contrary to the very concept of a Reserve Fund and National Welfare Fund. The original purpose of the creation of these funds have been risk-free reservation and regulate money circulation (sterilization), ie struggle with the inf-ba-la-chi s. I always thought those goals and failure mechanism, as evidenced by long-term struggle with Kudrin when the budget. However, what is now proposed is contrary to these purposes, and even shows their absurdity.Indeed, if these funds are encouraged to invest in the country in the real economy, then they should be returned to the budget and send to the highest priority, direct, transparent, and socially-important budgetary expenditures under current law and under the control of an existing "Supervisory Board": the Parliament and the Court of Chamber. These mechanisms practiced for centuries and never more taxpayers' money is not taken out of the traditional state institutions and joint-stock companies are not transferred in trust.For years, we were assured of the need for the Reserve Fund and the National Welfare Fund, and then make sure that their money can not be spent on social issues. Then it turned out that the Reserve Fund invested in stocks, shares, bonds, foreign governments are ineffective. And in the final multi-optional, we offer to transfer all the money in the trust management of. This is not nothing but a raider seizure treasury!The bill passed in the first reading. A roll call vote: http://www.dmitrieva.org/id548Oksana DmitrievaSource: echo.msk.ruAuthor: Vitaliy Deaf, 19:57No comments yet: