Monday, October 17, 2011

Government expenditures grow. Where does the money go?

Finansy09-06-2008 costs the state grow. Where does the money go? Russia's budget spending for two years, rose two-fold. The following statistics today led by Prime Minister Vladimir Putin. But is it worth without looking proud, thinking experts. We really are witnessing the growth of federal expenditures, but they are not as effective as hoped, and not always directed in the desired direction. On Monday, at the Government meeting, Prime Minister Vladimir Putin said that the federal budget last year doubled compared with 200 a year. For three years they have grown from 2.4 trillion rubles to nearly 6 trillion rubles. Growth in spending, according to Putin, became possible thanks to the favorable economic indicators in the country. Thus, in 2007, GDP growth exceeded 8%, real incomes have increased by more than 10%, significantly increased the tax and customs revenues. "All this created a favorable background for our fiscal policy, the policy aimed at long-term development of the Russian economy, modernization of the social sphere, the radical improvement of the quality and standard of living of citizens", - Putin said.

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