Siluanov opposes indexing wages to inflation
Siluanov opposes indexing wages to inflation Finance Minister Anton Siluanov not consider it appropriate to seek the indexation of wages in the Russian Federation to the level of actual inflation.
"We must not now pursue the growth of wages in the actual inflation, because otherwise we risk our budget to orientate on the inflationary spiral: more inflation - more spending, more spending - accordingly, the gap between income and expenditure will be financed from - either from the Reserve fund that we can eat through a 1.5 - a maximum of 2 years, or by issuing a resource both - it is bad for the economy, "- said the TV channel Siluanov RBC
Siluanov opposes indexing wages to inflation Finance Minister Anton Siluanov not consider it appropriate to seek the indexation of wages in the Russian Federation to the level of actual inflation.
"We must not now pursue the growth of wages in the actual inflation, because otherwise we risk our budget to orientate on the inflationary spiral: more inflation - more spending, more spending - accordingly, the gap between income and expenditure will be financed from - either from the Reserve fund that we can eat through a 1.5 - a maximum of 2 years, or by issuing a resource both - it is bad for the economy, "- said the TV channel Siluanov RBC
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