Minister of Finance of the Russian Federation Anton Siluanov said that preliminary control data from the Federal Treasury on possible violations in the financial and budgetary sphere allowed the Russian budget to save about 100 billion rubles. He explained this on the television channel. “Russia 24”.
According to him, preventing the possibility of violation is an important function performed by the treasury.
He highly appreciated the results of the work of the Federal Treasury, which managed to save about 100 billion rubles in the budget.
Before that Siluanov statedHe sees no reason for a sharp decline in the ruble exchange rate.
Earlier, Siluanov said that despite all the restrictions and instability in the global economy, Russia as a whole is complying with the sanctions.
According to him, the financial situation of the Russian Federation looks stable; By the end of 2023, the budget deficit is expected to be just over 1 percent of GDP, compared to the planned 2 percent, and economic growth is expected to reach 2.8 percent this year.
The head of the Ministry of Finance added that inflation in Russia will be slightly above 7 percent in 2023, but will fall to 4 percent, which is the Central Bank’s target, by the end of 2024.
Formerly Central Bank of the Russian Federation raised key rate up to 13%.