Siluanov: the difficult situation in the economy is a long-term


MOSCOW, February 24. Difficult situation in the economy are long term, you need to prepare for long-term restructuring of the economy. About it at the enlarged session of the Collegium of the Federal Treasury said the Finance Minister Anton Siluanov.

“The situation is long-standing. We see these bounces from the viewpoint of improving the balance of payments, as it was in the past difficult moments, we do not expect. So we are preparing for a long work in the current conditions,” – said the Minister, stressing that the situation now is significantly different from the crises of 1998 and 2008-2009.

The Ministry of Finance in 2016 universally adopted more stringent controls on advance payments from the budget, said Siluanov. He also noted that the Treasury letters of credit will save the Reserve Fund, will be launched in 2017