Dec 30, 2020
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Siluanov: there will be no budget cuts in 2021

Anton Siluanov
Anton Siluanov

No budget cuts are planned in 2021. This was announced by the head of the Ministry of Finance of Russia Anton Siluanov.

The head of the department noted that the Ministry of Finance does not cut costs, but brings them “to a normal budgetary policy.” how reported Siluanov to the TV channel “Russia 24”, the main task for 2021 will be the restoration of entrepreneurial activity.

According to the minister, in 2020, Russia increased state demand, respectively, costs were significantly increased, “but this cannot continue all the time.” Siluanov believes that “the economy is beginning to generate its own demand and continue the same budgetary policy.”

He also expressed the hope that additional measures to support the Russian economy in 2021 will not be required and the situation with the coronavirus will be resolved by the middle of the year.

If extraordinary measures are required, I hope that the situation will not come to this, then the experience of the current year suggests that we can quickly mobilize, quickly make decisions and quickly achieve the goal., – he said.

Earlier, Siluanov said that the oil companies intended to “cheat” the Ministry of Finance with an additional income tax (APT), so it was corrected. According to him, when introducing tax changes for 2021, the Ministry of Finance proceeded from the fact that, in fact, the oilmen “fooled” the department.

The coronavirus pandemic and the decline in oil prices in 2020 led to a deficit in the Russian budget and indicated to the government the need to revise taxes in the oil sector. Some parameters of the additional income tax were tightened, and the tax incentive for MET for depleted fields with the ability to transfer such assets to income tax was canceled. The authorities also canceled the preferential export duty for a number of projects and completely abolished tax incentives for high-viscosity oil, wrote.

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