On December 17, speaking at a joint meeting of Tatarstan Ministry of Finance, Department of the Federal Tax Service and Federal Treasury Department of the republic held at the Institute of Management, Economics and Finance of the Kazan (Volga region) Federal University, Russian Finance Minister Anton Siluanov said that many people are criticizing the federal budget for some inflexibility, but it is reasonably required in order to reduce inflation and loan interest rates.
The meeting was dedicated to results of expected implementation of consolidated budget of the republic in 2016 and tasks of regional financial, treasury and tax agencies for 2017.
Tatarstan President Rustam Minnikhanov and other officials took part in the meeting.
According to the Minister of Finance of Russia, business should become more active because loans will be affordable, tax and financial policy will be more predictable.
Siluanov said that Tatarstan is a leading region in terms of creating jobs and providing favorable conditions for business development.
Summing up, Siluanov emphasized that according to Russian Finance Ministry and Russian Government Tatarstan carries out effective financial and budgetary policy.