the government denied the idea to save the Russian budget by means of compulsory withdrawal of savings. About it the Deputy Minister of Finance Timur Maksimov said at a press-conference dedicated to the start of sales of the new issue of “people” of Federal bonds.
Maximov suggested that the rumors about the withdrawal of savings appeared in the background of “crisis phenomena” in the Russian economy, caused by a coronavirus pandemic. The official assured that the idea has never and at any level in the Cabinet was not discussed.
“We do not consider this chance as forced some use of savings to Finance spending or the budget deficit,” — quoted by TASS Maximov.
Deputy Finance Minister stressed that the government is not going to look for “non-market forms of withdrawal of savings” and all the talk about this should be regarded as speculation.
as for Federal loan bonds, with their help, the authorities want to give the citizens of the most lucrative and convenient investment tool, the official said.
Earlier, the head of the Central Bank Elvira Nabiullina ruled out the possibility of the denomination of the ruble. She pointed out that the idea is not unfounded, as the country “with the values of the bills all right.” The initiative to hold a denomination of the Russian currency 100 times last week by a well-known analyst Alexander Razuvaev.
Read the material: the Economist explained the important statement Nabiullina: “the Denomination will keep secret”
