Siluanov urged to avoid repeat of 1998

Siluanov urged to avoid repeat of 1998


To avoid the repetition of the past, it is necessary to bring the state budget into line with the new realities, said the head of the Ministry of Finance on the sidelines of the Gaidar forum.

MOSCOW, 13 Jan. The Russian Finance Minister Anton Siluanov warned about possible negative consequences if the budget situation gets out of control.

“Our task now is to bring the budget in line with the new realities. If we don’t do that, there will be the same as it was in 98-99-th years, when the population will pay through inflation for what we did,” he said, speaking at the Gaidar forum.

He noted that then the government will have to plan on more hard scenario, because the time of change almost no.