MOSCOW, may 6 — RIA Novosti. Russia could start to distribute “helicopter money”, that is to start the issue directly to give money to the population, as did the authorities of some States in a pandemic COVID-19, if the ruble was the world’s reserve currency. This was stated by the Minister of Finance Anton Siluanov in interview to the newspaper “Vedomosti”.
“If we printed a reserve currency, it would be “helicopter money to throw”, to spend trillions of rubles”, — he explained.
the Finance Minister stressed that there is no problem to compete in who will spend more. In these circumstances, should assist those who need support in the first place. In particular, we need to help business to retain employees, and to help people to pay for priority expenses on food, housing and mortgage payments.
“the minimum wage for small businesses, if you take the white salary, with 70% of Fund of payment of labour, not so little work. Yeah, somebody paid in envelopes, but it is on the conscience of these companies,” — said Siluanov.
According to him, the challenge now is to help businesses after exit from the forced break.
“and So it was decided the expiry of tax deferments to provide installments on these debts before the year”, — said the Minister. Budget expenses.
According to Siluanov, the budget deficit will be about 4% of GDP. Revenues will be about 4 trillion rubles less than planned, including minus 1.5 trillion rubles oil and gas revenues, compared with their baseline level, and about two trillion non-oil and gas.
“Will use the NWF funds and borrowings to Finance as current liabilities, and the anti-crisis program”, — he said.
Federal Spending this year will increase by 1.07 trillion rubles, and this needs to stop, said Siluanov.
He added that plans for a number of indicators for the national projects this year can be refined, but social obligations will be fulfilled.
the Total amount of support of economy from the budget by 2020, the Ministry estimates that more than 6.5% of GDP. However, only in support of health and sanitary-epidemiological measures will be allocated 200 billion.