Siluanov spoke about the ideal design for the Russian economy

Fiscal stimulation of the economy cannot be a long-term process, as this will eventually lead to an imbalance in the financial situation. This was announced by Russian Finance Minister Anton Siluanov.

As he noted in an interview with Expert magazine, an increase in budget spending is important to support the economy, but it should remain a temporary measure. The best results can be achieved if inflation slows down and rates remain low.

Siluanov stressed that the ideal model is a combination of a tight budget and a soft monetary policy. However, the opposite situation has been observed in recent years. The minister noted that it is necessary to create conditions for the Central Bank to reduce rates, and the approach of the Russian financial department will help in this.

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