- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Finance Ministry sticks to 10-percent inflation forecast for 2005

Subscribe
MOSCOW, June 8 (RIA Novosti) - The Finance Ministry is not going to revise its ten-percent inflation level forecast for 2005, Finance Minister Alexei Kudrin has said.

Asked by journalists whether or not his ministry will reconsider the ten-percent inflation growth, Kudrin said no.

"It depends on the summer months and other factors," he explained.

The size of the investment fund in early 2006 may constitute 69.7 billion rubles (1 dollar equals 28.41 rubles), Kudrin told journalists.

"The relative sources will be reserved at 69.7 billion rubles," he said.

"So far, they are reserved. The goal, utilization mechanism and accounting are not yet fixed in the budget," Kudrin said.

Anti-inflation proposals will very soon reach the government, the finance minister said.

"The text of the document has not yet been submitted," he said. And explained that the integrated text has been composed of the proposals from the Finance Ministry, Economic Development and Trade Ministry, Central Bank.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала