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RosbusinessConsulting, September 18, 2003

Yabloko faction opposes draft budget for 2004

MOSCOW - The Yabloko faction will not support the 2004 draft budget to be considered by the State Duma in the first reading on September 19, 2003. According to Yabloko leader Grigory Yavlinsky, the draft budget proposed by the government "is virtually the same as its predecessors". The draft budget retains Russia's economic policies of previous years and does not set either clear-cut objectives or mechanisms for resolving key problems in the country, noted Yavlinsky.

Moreover, according to the Yabloko leader, the government did not allow for RUR200bn (about $6.52bn) in additional revenues to the federal budget. Yavlinsky believes that the distribution of funds between the federal center (62 percent) and regions (38 percent) to be unfair.

Yabloko presented an alternative outlook on Russian budget policies today. In particular, the faction proposed to "lower VAT to 15 percent, introduce a single tax on small and medium-sized family enterprises and provide powerful assistance to education."

 

See also:

Budget for 2004

RosbusinessConsulting, September 18, 2003

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